Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Update

Citizens Financial Services, Inc. (NASDAQ:CZFS) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 23,900 shares, an increase of 7.7% from the April 15th total of 22,200 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 3.9 days. Approximately 0.6% of the shares of the company are sold short.

Citizens Financial Services Trading Up 1.3 %

Shares of Citizens Financial Services stock opened at $42.55 on Friday. Citizens Financial Services has a fifty-two week low of $38.91 and a fifty-two week high of $92.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $200.41 million, a P/E ratio of 11.53 and a beta of 0.40. The company has a fifty day moving average of $44.60 and a 200 day moving average of $52.41.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.06). The company had revenue of $25.93 million for the quarter, compared to the consensus estimate of $25.90 million. Citizens Financial Services had a net margin of 11.63% and a return on equity of 10.43%. On average, sell-side analysts anticipate that Citizens Financial Services will post 5.66 earnings per share for the current fiscal year.

Citizens Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.61%. The ex-dividend date was Thursday, March 14th. Citizens Financial Services’s dividend payout ratio is presently 53.12%.

Hedge Funds Weigh In On Citizens Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in CZFS. Commonwealth Equity Services LLC lifted its stake in shares of Citizens Financial Services by 5.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock worth $289,000 after acquiring an additional 337 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Citizens Financial Services during the third quarter worth $37,000. SG Americas Securities LLC bought a new stake in shares of Citizens Financial Services during the fourth quarter worth $119,000. Finally, Vanguard Group Inc. boosted its stake in shares of Citizens Financial Services by 4.6% during the first quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock valued at $11,280,000 after purchasing an additional 10,058 shares during the period. 22.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Citizens Financial Services from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, April 30th.

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.