Citizens Financial Services Inc. $CZFS Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Citizens Financial Services Inc. (NASDAQ:CZFS) by 183.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the company’s stock after buying an additional 757 shares during the period. GAMMA Investing LLC’s holdings in Citizens Financial Services were worth $69,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in Citizens Financial Services during the first quarter worth approximately $38,000. NBT Bank N A NY acquired a new position in Citizens Financial Services during the first quarter worth approximately $70,000. PNC Financial Services Group Inc. increased its position in 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 worth $210,000 after purchasing an additional 318 shares during the last quarter. Jane Street Group LLC acquired a new position in Citizens Financial Services during the first quarter worth approximately $249,000. Finally, PDT Partners LLC increased its position in Citizens Financial Services by 33.9% during the first quarter. PDT Partners LLC now owns 4,314 shares of the company’s stock worth $250,000 after purchasing an additional 1,092 shares during the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Trading Up 0.0%

NASDAQ CZFS opened at $57.06 on Friday. Citizens Financial Services Inc. has a 12 month low of $49.96 and a 12 month high of $74.65. 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 company has a market capitalization of $274.46 million, a price-to-earnings ratio of 8.61 and a beta of 0.47. The company’s fifty day moving average price is $59.15 and its two-hundred day moving average price is $58.85.

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

Citizens Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, September 12th. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.50. Citizens Financial Services’s payout ratio is 30.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Citizens Financial Services in a research report on Saturday, September 27th. 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. Finally, Zacks Research lowered shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.