Citizens & Northern Corp Acquires 26,693 Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS)

Citizens & Northern Corp increased its stake in Citizens Financial Services, Inc. (NASDAQ:CZFS) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,922 shares of the company’s stock after acquiring an additional 26,693 shares during the period. Citizens Financial Services makes up approximately 2.0% of Citizens & Northern Corp’s investment portfolio, making the stock its 13th biggest position. Citizens & Northern Corp owned 2.44% of Citizens Financial Services worth $7,339,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Citizens Financial Services by 177.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company’s stock valued at $427,000 after purchasing an additional 4,655 shares during the last quarter. Barclays PLC lifted its stake in shares of 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 acquiring an additional 4,390 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 1,112 shares during the period. SG Americas Securities LLC bought a new position in Citizens Financial Services in the 4th quarter valued at $121,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Citizens Financial Services in the fourth quarter worth about $46,000. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Trading Up 2.9 %

Shares of CZFS opened at $64.90 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $308.92 million, a price-to-earnings ratio of 11.06 and a beta of 0.55. The company has a 50-day moving average of $63.37 and a 200 day moving average of $59.91. Citizens Financial Services, Inc. has a 1-year low of $38.52 and a 1-year high of $75.40.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.14. Citizens Financial Services had a return on equity of 9.93% and a net margin of 16.39%. On average, research analysts expect that Citizens Financial Services, Inc. will post 6.4 EPS for the current year.

Citizens Financial Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, December 13th. Citizens Financial Services’s dividend payout ratio (DPR) is presently 33.39%.

Citizens Financial Services 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.