Citizens Financial Services, Inc. (NASDAQ:CZFS) EVP David Z. Richards, Jr. Sells 1,500 Shares

Citizens Financial Services, Inc. (NASDAQ:CZFS) EVP David Z. Richards, Jr. sold 1,500 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $50.78, for a total value of $76,170.00. Following the completion of the sale, the executive vice president now owns 1,190 shares of the company’s stock, valued at approximately $60,428.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Citizens Financial Services Stock Performance

CZFS traded up $0.16 during trading hours on Tuesday, hitting $51.28. 252 shares of the stock were exchanged, compared to its average volume of 18,871. The stock has a market cap of $241.02 million, a price-to-earnings ratio of 11.22 and a beta of 0.31. The stock has a 50-day simple moving average of $61.10 and a 200-day simple moving average of $74.57. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.98 and a quick ratio of 0.97. Citizens Financial Services, Inc. has a 12 month low of $49.49 and a 12 month high of $92.00.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings results on Monday, July 31st. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $1.55. Citizens Financial Services had a net margin of 16.88% and a return on equity of 13.16%. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $21.10 million. Analysts anticipate that Citizens Financial Services, Inc. will post 6.47 earnings per share for the current year.

Citizens Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, September 14th. Citizens Financial Services’s dividend payout ratio (DPR) is presently 43.04%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new stake in Citizens Financial Services in the second quarter valued at $27,000. Osaic Holdings Inc. bought a new stake in Citizens Financial Services in the 2nd quarter valued at about $51,000. Barclays PLC acquired a new position in Citizens Financial Services during the 1st quarter valued at about $99,000. UBS Group AG grew its position in Citizens Financial Services by 318.7% in the 1st quarter. UBS Group AG now owns 1,277 shares of the company’s stock worth $107,000 after purchasing an additional 972 shares during the last quarter. Finally, California State Teachers Retirement System bought a new position in Citizens Financial Services in the 2nd quarter worth about $108,000. Institutional investors and hedge funds own 23.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CZFS shares. Janney Montgomery Scott downgraded shares of Citizens Financial Services from a “buy” rating to a “neutral” rating in a research report on Thursday, June 29th. TheStreet downgraded shares of Citizens Financial Services from a “b” rating to a “c+” rating in a research note on Monday, July 31st.

About Citizens Financial Services

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.