Citizens Financial Services (NASDAQ:CZFS) Stock Lifted to “Buy” by Wall Street Zen

Citizens Financial Services (NASDAQ:CZFS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms have also recently commented on CZFS. Weiss Ratings raised Citizens Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Zacks Research lowered shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Citizens Financial Services currently has an average rating of “Moderate Buy”.

Citizens Financial Services Stock Down 1.4%

Citizens Financial Services stock opened at $84.87 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.12. Citizens Financial Services has a twelve month low of $53.14 and a twelve month high of $88.88. The stock has a market cap of $408.22 million, a P/E ratio of 9.62 and a beta of 0.38. The company’s 50-day moving average price is $81.59 and its two-hundred day moving average price is $71.31.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings results on Friday, October 30th. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $31.57 million during the quarter, compared to analyst estimates of $31.00 million. Citizens Financial Services had a return on equity of 12.46% and a net margin of 23.90%. As a group, analysts expect that Citizens Financial Services will post 9.17 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Citizens Financial Services during the 2nd quarter valued at $25,684,000. Citizens & Northern Corp raised its stake in Citizens Financial Services by 1.5% during the third quarter. Citizens & Northern Corp now owns 118,860 shares of the company’s stock worth $9,344,000 after purchasing an additional 1,797 shares during the period. Hudock Inc. boosted its position in Citizens Financial Services by 1.9% during the 3rd quarter. Hudock Inc. now owns 79,603 shares of the company’s stock worth $6,258,000 after acquiring an additional 1,511 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Citizens Financial Services by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,590 shares of the company’s stock worth $1,748,000 after acquiring an additional 4,115 shares in the last quarter. Finally, De Lisle Partners LLP bought a new stake in shares of Citizens Financial Services during the 2nd quarter valued at $1,480,000. 22.49% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Services Company Profile

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.