Citizens Financial Services, Inc. (NASDAQ:CZFS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Citizens Financial Services, Inc. (NASDAQ:CZFS) by 177.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,272 shares of the company’s stock after buying an additional 4,655 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of Citizens Financial Services worth $427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CZFS. De Lisle Partners LLP grew its holdings in shares of Citizens Financial Services by 1.0% during the third quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock worth $897,000 after purchasing an additional 152 shares during the last quarter. State Street Corp boosted its position 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 valued at $4,234,000 after purchasing an additional 1,588 shares during the period. Barclays PLC grew its stake in Citizens Financial Services by 286.2% during the 3rd quarter. Barclays PLC now owns 5,924 shares of the company’s stock worth $347,000 after buying an additional 4,390 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Citizens Financial Services by 1.1% during the third quarter. Geode Capital Management LLC now owns 102,399 shares of the company’s stock worth $6,017,000 after buying an additional 1,112 shares during the period. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Price Performance

Shares of NASDAQ CZFS opened at $60.50 on Thursday. The stock has a market cap of $287.98 million, a P/E ratio of 10.45 and a beta of 0.55. Citizens Financial Services, Inc. has a twelve month low of $38.52 and a twelve month high of $75.40. The stock has a 50 day moving average of $65.49 and a two-hundred day moving average of $58.99. 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 (NASDAQ:CZFS) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Citizens Financial Services had a net margin of 16.24% and a return on equity of 9.86%. The firm had revenue of $42.44 million during the quarter, compared to the consensus estimate of $26.10 million. On average, research analysts forecast that Citizens Financial Services, Inc. will post 5.5 earnings per share for the current year.

Citizens Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. Citizens Financial Services’s payout ratio is 33.85%.

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.