Citizens Financial Services, Inc. (NASDAQ:CZFS) Announces Dividend Increase – $0.50 Per Share

Citizens Financial Services, Inc. (NASDAQ:CZFS) declared a quarterly dividend on Monday, June 9th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.495 per share on Friday, June 27th. This represents a $1.98 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Friday, June 13th. This is a 1.0% increase from Citizens Financial Services’s previous quarterly dividend of $0.49.

Citizens Financial Services has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 29.0%.

Citizens Financial Services Price Performance

Citizens Financial Services stock traded down $0.96 during midday trading on Monday, reaching $60.42. The company’s stock had a trading volume of 4,123 shares, compared to its average volume of 13,948. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78. The stock has a market cap of $287.60 million, a PE ratio of 10.29 and a beta of 0.45. Citizens Financial Services has a 52 week low of $39.10 and a 52 week high of $75.40. The business has a 50-day moving average price of $57.88 and a 200-day moving average price of $61.07.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.11. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. The business had revenue of $26.44 million during the quarter. On average, sell-side analysts predict that Citizens Financial Services will post 6.4 EPS for the current year.

Institutional Investors Weigh In On Citizens Financial Services

An institutional investor recently bought a new position in Citizens Financial Services stock. Jane Street Group LLC acquired a new stake in Citizens Financial Services, Inc. (NASDAQ:CZFS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,291 shares of the company’s stock, valued at approximately $249,000. Jane Street Group LLC owned about 0.09% of Citizens Financial Services as of its most recent filing with the SEC. Institutional investors own 22.49% of the company’s stock.

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.