Citizens Financial Services, Inc. (NASDAQ:CZFS) Sees Significant Increase in Short Interest

Citizens Financial Services, Inc. (NASDAQ:CZFS) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 32,300 shares, a growth of 6.3% from the August 15th total of 30,400 shares. Based on an average daily trading volume, of 13,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.7% of the company’s shares are short sold.

Citizens Financial Services Trading Up 2.8 %

NASDAQ:CZFS traded up $1.58 on Thursday, reaching $57.58. The company’s stock had a trading volume of 130 shares, compared to its average volume of 9,002. Citizens Financial Services has a 1-year low of $38.52 and a 1-year high of $65.86. The business’s 50-day moving average price is $51.13 and its two-hundred day moving average price is $46.32. The firm has a market cap of $271.03 million, a PE ratio of 15.18 and a beta of 0.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00 and a current ratio of 1.01.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Tuesday, July 30th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Citizens Financial Services had a return on equity of 10.18% and a net margin of 16.44%. The business had revenue of $24.64 million for the quarter, compared to the consensus estimate of $25.40 million. Equities research analysts anticipate that Citizens Financial Services will post 5.31 earnings per share for the current fiscal year.

Citizens Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, September 13th. Citizens Financial Services’s dividend payout ratio is 53.12%.

Institutional Trading of Citizens Financial Services

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Citizens Financial Services in the 2nd quarter valued at approximately $32,000. Vanguard Group Inc. raised its holdings in shares of Citizens Financial Services by 4.6% in 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 last quarter. Rhumbline Advisers lifted its position in shares of Citizens Financial Services by 10.6% in the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock worth $238,000 after purchasing an additional 505 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Citizens Financial Services by 22.5% during the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock worth $1,068,000 after purchasing an additional 4,369 shares during the last quarter. Finally, Hudock Inc. boosted its holdings in Citizens Financial Services by 1.6% during the second quarter. Hudock Inc. now owns 41,028 shares of the company’s stock worth $1,844,000 after purchasing an additional 627 shares during the last quarter. 22.49% of the stock is currently owned by institutional investors.

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.