Citizens Financial Services (NASDAQ:CZFS) Posts Earnings Results, Beats Expectations By $0.28 EPS

Citizens Financial Services (NASDAQ:CZFS) posted its earnings results on Friday. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28, FiscalAI reports. The firm had revenue of $31.57 million for the quarter, compared to the consensus estimate of $31.00 million. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%.

Citizens Financial Services Stock Performance

Shares of NASDAQ:CZFS opened at $85.35 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.12. Citizens Financial Services has a 12 month low of $53.14 and a 12 month high of $88.20. The company has a market capitalization of $410.53 million, a price-to-earnings ratio of 9.55 and a beta of 0.37. The firm’s 50-day moving average is $81.12 and its 200 day moving average is $70.73.

Citizens Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, September 11th. Citizens Financial Services’s dividend payout ratio is presently 23.86%.

Analyst Ratings Changes

A number of brokerages have recently commented on CZFS. Weiss Ratings upgraded Citizens Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, September 21st. Zacks Research lowered Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen downgraded Citizens Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Citizens Financial Services

Citizens Financial Services, Inc is a bank holding company headquartered in Mansfield, Pennsylvania. It operates through its principal subsidiary, First Citizens Community Bank, which provides financial services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, business banking, cash-management services, online and mobile banking, wealth management and trust services. Its lending activities include real estate, agricultural, commercial and consumer loans.

Founded in 1932, First Citizens Community Bank serves communities in central and northern Pennsylvania and southern New York through branch locations and digital banking channels.