Belpointe Asset Management LLC Takes $86,000 Position in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Belpointe Asset Management LLC bought a new stake in Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,123 shares of the company’s stock, valued at approximately $86,000.

Several other institutional investors also recently modified their holdings of the business. Citizens & Northern Corp grew its holdings in shares of Citizens Financial Services by 0.3% in the third quarter. Citizens & Northern Corp now owns 86,937 shares of the company’s stock valued at $6,103,000 after acquiring an additional 250 shares in the last quarter. FMR LLC bought a new position in Citizens Financial Services during the second quarter valued at $1,432,000. Ergoteles LLC bought a new position in Citizens Financial Services during the third quarter valued at $925,000. Finally, Commonwealth Equity Services LLC grew its holdings in Citizens Financial Services by 18.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,436 shares of the company’s stock valued at $417,000 after purchasing an additional 832 shares during the period. 6.13% of the stock is owned by institutional investors.

Citizens Financial Services Price Performance

Shares of NASDAQ CZFS opened at $79.99 on Friday. The stock has a fifty day simple moving average of $82.73 and a two-hundred day simple moving average of $79.18. Citizens Financial Services, Inc. has a 1-year low of $64.53 and a 1-year high of $92.04. The firm has a market cap of $317.64 million, a price-to-earnings ratio of 10.87 and a beta of 0.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.35.

Citizens Financial Services (NASDAQ:CZFS – Get Rating) last posted its earnings results on Thursday, April 27th. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.02). The company had revenue of $20.25 million for the quarter, compared to analysts’ expectations of $21.80 million. Citizens Financial Services had a return on equity of 14.60% and a net margin of 29.15%. Analysts anticipate that Citizens Financial Services, Inc. will post 5.95 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $1.94 annualized dividend and a dividend yield of 2.43%. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.48. Citizens Financial Services’s dividend payout ratio is currently 26.36%.

About Citizens Financial Services

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Citizens Financial Services, Inc is a holding company, which operates as a community bank. The company was founded on July 12, 1983 and is headquartered in Mansfield, PA.