Citizens Financial Services Inc. (CZFS) Expected to Post Q4 2017 Earnings of $1.10 Per Share
Citizens Financial Services Inc. (OTCBB:CZFS) – Equities researchers at Boenning Scattergood raised their Q4 2017 earnings per share (EPS) estimates for Citizens Financial Services in a report released on Tuesday. Boenning Scattergood analyst M. Schultheis now forecasts that the financial services provider will post earnings of $1.10 per share for the quarter, up from their prior forecast of $1.09. Boenning Scattergood currently has a “Outperform” rating and a $63.50 target price on the stock. Boenning Scattergood also issued estimates for Citizens Financial Services’ Q1 2018 earnings at $1.06 EPS.
Separately, ValuEngine upgraded shares of Citizens Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, September 15th.
Shares of Citizens Financial Services (OTCBB:CZFS) opened at $61.50 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 0.88. Citizens Financial Services has a one year low of $47.00 and a one year high of $65.00. The firm has a market cap of $209.84, a P/E ratio of 15.38 and a beta of 0.20.
In related news, Director Thomas E. Freeman purchased 918 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $54.00 per share, with a total value of $49,572.00. Following the completion of the acquisition, the director now directly owns 10,338 shares in the company, valued at $558,252. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dwight D. Rohrer purchased 475 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $61.49 per share, with a total value of $29,207.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,693 shares of company stock valued at $95,460. Corporate insiders own 11.60% of the company’s stock.
Citizens Financial Services Company Profile
Citizens Financial Services, Inc is a bank holding company for First Citizens Community Bank (the Bank). The Company is engaged in the ownership and management of the Bank and the Bank’s insurance agency subsidiary, First Citizens Insurance Agency, Inc It operates through community banking segment. The Bank is engaged in a range of banking activities and services for individual, business, governmental and institutional customers.
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