Deutsche Bank AG Has $245,000 Position in Citizens Financial Services Inc. $CZFS

Deutsche Bank AG lowered its stake in shares of Citizens Financial Services Inc. (NASDAQ:CZFS) by 12.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,217 shares of the company’s stock after selling 617 shares during the period. Deutsche Bank AG owned approximately 0.09% of Citizens Financial Services worth $245,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of Citizens Financial Services by 9.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,613 shares of the company’s stock valued at $210,000 after buying an additional 318 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Citizens Financial Services during the fourth quarter valued at about $35,000. Tower Research Capital LLC TRC raised its position in shares of Citizens Financial Services by 295.3% during 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 last quarter. Northern Trust Corp raised its position in shares of Citizens Financial Services by 2.0% during the fourth quarter. Northern Trust Corp now owns 40,504 shares of the company’s stock valued at $2,564,000 after buying an additional 806 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Citizens Financial Services during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 22.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Citizens Financial Services Stock Performance

NASDAQ CZFS opened at $59.96 on Friday. The stock has a market cap of $288.41 million, a P/E ratio of 9.04 and a beta of 0.45. The company’s 50-day simple moving average is $58.71 and its 200 day simple moving average is $58.54. Citizens Financial Services Inc. has a twelve month low of $49.33 and a twelve month high of $74.65. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.00.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Wednesday, July 30th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $27.28 million for the quarter. Citizens Financial Services had a net margin of 18.54% and a return on equity of 10.36%. As a group, research analysts forecast that Citizens Financial Services Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 3.3%. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 13th. Citizens Financial Services’s dividend payout ratio (DPR) is presently 29.86%.

Citizens Financial Services Company Profile

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.