Tower Research Capital LLC TRC Buys 629 Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS)

Tower Research Capital LLC TRC grew its stake in Citizens Financial Services, Inc. (NASDAQ:CZFS) by 295.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842 shares of the company’s stock after purchasing an additional 629 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Citizens Financial Services were worth $53,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Citizens Financial Services by 99.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,734 shares of the company’s stock valued at $743,000 after purchasing an additional 5,840 shares during the period. Barclays PLC grew its stake in shares of Citizens Financial Services by 15.2% in the fourth quarter. Barclays PLC now owns 6,822 shares of the company’s stock valued at $431,000 after acquiring an additional 898 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Citizens Financial Services by 182.6% in the fourth quarter. Wells Fargo & Company MN now owns 6,830 shares of the company’s stock valued at $432,000 after acquiring an additional 4,413 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Citizens Financial Services in the fourth quarter valued at about $338,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Citizens Financial Services by 127.9% in the fourth quarter. JPMorgan Chase & Co. now owns 16,576 shares of the company’s stock valued at $1,049,000 after acquiring an additional 9,304 shares in the last quarter. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Trading Up 3.4%

CZFS stock opened at $57.94 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97. The company’s 50-day simple moving average is $56.80 and its 200 day simple moving average is $61.75. Citizens Financial Services, Inc. has a 52 week low of $39.10 and a 52 week high of $75.40. The company has a market capitalization of $275.79 million, a PE ratio of 9.87 and a beta of 0.40.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.11. The firm had revenue of $26.44 million for the quarter. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. As a group, sell-side analysts anticipate that Citizens Financial Services, Inc. will post 6.4 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.42%. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Citizens Financial Services’s dividend payout ratio is presently 33.11%.

Citizens Financial Services 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.