American Century Companies Inc. Has $1.62 Million Holdings in Citizens Financial Services Inc. $CZFS

American Century Companies Inc. lifted its position in shares of Citizens Financial Services Inc. (NASDAQ:CZFS) by 25.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,944 shares of the company’s stock after purchasing an additional 5,707 shares during the quarter. American Century Companies Inc. owned approximately 0.59% of Citizens Financial Services worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Citizens Financial Services by 39,858.3% in the 1st quarter. GAMMA Investing LLC now owns 23,975 shares of the company’s stock valued at $1,392,000 after buying an additional 23,915 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Citizens Financial Services by 99.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,734 shares of the company’s stock valued at $743,000 after buying an additional 5,840 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Citizens Financial Services by 14.7% in the 4th quarter. Nuveen Asset Management LLC now owns 9,309 shares of the company’s stock valued at $589,000 after buying an additional 1,191 shares in the last quarter. Northern Trust Corp boosted its stake in Citizens Financial Services by 2.0% in the 4th 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 in the last quarter. Finally, Deutsche Bank AG boosted its stake in Citizens Financial Services by 88.0% in the 4th quarter. Deutsche Bank AG now owns 4,834 shares of the company’s stock valued at $306,000 after buying an additional 2,263 shares in the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Analyst Ratings Changes

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

Citizens Financial Services Trading Down 0.2%

Shares of CZFS opened at $59.84 on Wednesday. The company has a market cap of $287.83 million, a price-to-earnings ratio of 9.03 and a beta of 0.49. Citizens Financial Services Inc. has a 52-week low of $49.33 and a 52-week high of $74.65. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a fifty day moving average price of $58.81 and a two-hundred day moving average price of $58.47.

Citizens Financial Services (NASDAQ:CZFS) last released its earnings results on Wednesday, July 30th. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The company 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%. Analysts predict that Citizens Financial Services Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.495 per share. The ex-dividend date was Friday, June 13th. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.49. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.3%. Citizens Financial Services’s dividend payout ratio 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.