Citizens Financial Services (NASDAQ:CZFS) Shares Up 0.9% – Here’s What Happened

Citizens Financial Services, Inc. (NASDAQ:CZFS) shot up 0.9% during trading on Monday . The stock traded as high as $75.40 and last traded at $73.40. 26,328 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 11,244 shares. The stock had previously closed at $72.74.

Citizens Financial Services Stock Up 0.9 %

The stock has a fifty day simple moving average of $60.82 and a two-hundred day simple moving average of $51.81. The firm has a market cap of $349.38 million, a PE ratio of 12.68 and a beta of 0.48. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78.

Citizens Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, September 13th. Citizens Financial Services’s dividend payout ratio is presently 33.85%.

Hedge Funds Weigh In On Citizens Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Citizens Financial Services by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock valued at $11,280,000 after acquiring an additional 10,058 shares during the last quarter. Barclays PLC lifted its position in Citizens Financial Services by 286.2% during the third quarter. Barclays PLC now owns 5,924 shares of the company’s stock valued at $347,000 after purchasing an additional 4,390 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Citizens Financial Services by 22.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock worth $1,068,000 after buying an additional 4,369 shares in the last quarter. State Street Corp increased its holdings in shares of Citizens Financial Services by 2.3% in the 3rd quarter. State Street Corp now owns 72,070 shares of the company’s stock worth $4,234,000 after buying an additional 1,588 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Citizens Financial Services by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 102,399 shares of the company’s stock valued at $6,017,000 after buying an additional 1,112 shares in the last quarter. 22.49% of the stock is currently owned by hedge funds and other 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.