Insider Selling: Citizens Financial Services, Inc. (NASDAQ:CZFS) Director Sells 1,000 Shares of Stock

Citizens Financial Services, Inc. (NASDAQ:CZFS) Director Robert Joseph Marino sold 1,000 shares of Citizens Financial Services stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the director now directly owns 42,821 shares in the company, valued at approximately $2,183,871. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Robert Joseph Marino also recently made the following trade(s):

• On Monday, August 21st, Robert Joseph Marino acquired 359 shares of Citizens Financial Services stock. The stock was purchased at an average cost of $52.75 per share, for a total transaction of $18,937.25.
• On Friday, August 18th, Robert Joseph Marino acquired 641 shares of Citizens Financial Services stock. The stock was purchased at an average cost of $52.25 per share, for a total transaction of $33,492.25.

Citizens Financial Services Stock Performance

NASDAQ CZFS traded up $0.16 on Tuesday, hitting $51.28. 252 shares of the company’s stock traded hands, compared to its average volume of 18,871. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.21. Citizens Financial Services, Inc. has a 1-year low of $49.49 and a 1-year high of $92.00. The firm’s 50-day moving average price is $61.10 and its two-hundred day moving average price is $74.57. The firm has a market capitalization of $241.02 million, a PE ratio of 11.26 and a beta of 0.31.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings data on Monday, July 31st. The company reported $1.53 EPS for the quarter, beating the consensus estimate 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 business had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $21.10 million. As a group, analysts expect that Citizens Financial Services, Inc. will post 6.47 EPS for the current year.

Citizens Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.49 dividend. 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 is currently 43.04%.

Analysts Set New Price Targets

A number of research firms recently commented on CZFS. Janney Montgomery Scott cut shares of Citizens Financial Services from a “buy” rating to a “neutral” rating in a research note on Thursday, June 29th. TheStreet cut shares of Citizens Financial Services from a “b” rating to a “c+” rating in a research note on Monday, July 31st.

Institutional Trading of Citizens Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street LLC purchased a new stake in shares of Citizens Financial Services during the 4th quarter worth about $467,000. Commonwealth Equity Services LLC raised its holdings in Citizens Financial Services by 18.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,436 shares of the company’s stock worth $417,000 after purchasing an additional 832 shares during the period. Osaic Holdings Inc. purchased a new position in Citizens Financial Services during the second quarter worth approximately $51,000. Ameritas Investment Partners Inc. acquired a new stake in Citizens Financial Services in the second quarter valued at approximately $27,000. Finally, Citizens & Northern Corp increased its position in shares of Citizens Financial Services by 0.6% in the second quarter. Citizens & Northern Corp now owns 87,390 shares of the company’s stock valued at $6,508,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 23.16% of the company’s stock.

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.