PNC Financial Services Group Inc. Purchases 318 Shares of Citizens Financial Services Inc. $CZFS

PNC Financial Services Group Inc. boosted its stake in shares of Citizens Financial Services Inc. (NASDAQ:CZFS) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,613 shares of the company’s stock after purchasing an additional 318 shares during the quarter. PNC Financial Services Group Inc. owned about 0.08% of Citizens Financial Services worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZFS. BNP Paribas Financial Markets acquired a new position in Citizens Financial Services in the fourth quarter valued at about $35,000. Lazard Asset Management LLC acquired a new position in shares of Citizens Financial Services in the fourth quarter valued at approximately $52,000. Tower Research Capital LLC TRC increased its stake in shares of Citizens Financial Services by 295.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 842 shares of the company’s stock valued at $53,000 after buying an additional 629 shares during the period. NBT Bank N A NY acquired a new position in shares of Citizens Financial Services in the first quarter valued at approximately $70,000. Finally, PDT Partners LLC bought a new stake in Citizens Financial Services in the fourth quarter valued at approximately $204,000. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Trading Down 3.7%

Shares of Citizens Financial Services stock opened at $56.70 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $272.73 million, a PE ratio of 8.55 and a beta of 0.45. Citizens Financial Services Inc. has a 1 year low of $46.87 and a 1 year high of $74.65. The stock has a fifty day moving average price of $58.49 and a 200-day moving average price of $58.73.

Citizens Financial Services (NASDAQ:CZFS) last issued its earnings results on Wednesday, July 30th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The business had revenue of $27.28 million during the quarter. Citizens Financial Services had a return on equity of 10.36% and a net margin of 18.54%. Equities research analysts anticipate that Citizens Financial Services Inc. will post 6.4 EPS for the current year.

Citizens Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.495 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.49. Citizens Financial Services’s dividend payout ratio is 29.86%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Citizens Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

About Citizens Financial Services

Citizens Financial Services, Inc, a bank holding company, provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.