Bank of New York Mellon Corp Has $682,000 Holdings in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Bank of New York Mellon Corp reduced its position in Citizens Financial Services, Inc. (NASDAQ:CZFSFree Report) by 2.0% in the 3rd quarter, Holdings Channel reports. The firm owned 14,237 shares of the company’s stock after selling 293 shares during the quarter. Bank of New York Mellon Corp’s holdings in Citizens Financial Services were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Citizens Financial Services by 5.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock valued at $289,000 after acquiring an additional 337 shares during the period. California State Teachers Retirement System bought a new position in shares of Citizens Financial Services during the second quarter valued at $108,000. Osaic Holdings Inc. bought a new position in shares of Citizens Financial Services during the second quarter valued at $51,000. Nuveen Asset Management LLC bought a new position in shares of Citizens Financial Services during the second quarter valued at $438,000. Finally, Alliancebernstein L.P. bought a new position in shares of Citizens Financial Services during the second quarter valued at $2,733,000. 23.16% of the stock is owned by institutional investors.

Citizens Financial Services Stock Down 0.2 %

Shares of NASDAQ CZFS opened at $51.35 on Friday. The stock has a market cap of $241.86 million, a PE ratio of 13.12 and a beta of 0.39. The business has a fifty day moving average of $60.91 and a two-hundred day moving average of $56.39. Citizens Financial Services, Inc. has a 52-week low of $43.10 and a 52-week high of $92.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98.

Citizens Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, December 14th. Citizens Financial Services’s payout ratio is currently 50.09%.

Citizens Financial Services Profile

(Free Report)

Citizens Financial Services, Inc operates as the bank holding company for First Citizens Community Bank that 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.

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Institutional Ownership by Quarter for Citizens Financial Services (NASDAQ:CZFS)

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