SG Americas Securities LLC Takes Position in Citizens Financial Services, Inc. (NASDAQ:CZFS)

SG Americas Securities LLC purchased a new stake in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,844 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in Citizens Financial Services by 35.4% during the third quarter. Deutsche Bank AG now owns 2,360 shares of the company’s stock worth $113,000 after purchasing an additional 617 shares in the last quarter. Creative Planning bought a new stake in Citizens Financial Services during the third quarter worth approximately $145,000. Tower Research Capital LLC TRC raised its holdings in Citizens Financial Services by 194.5% during the third quarter. Tower Research Capital LLC TRC now owns 754 shares of the company’s stock worth $36,000 after purchasing an additional 498 shares in the last quarter. LPL Financial LLC bought a new stake in Citizens Financial Services during the third quarter worth approximately $269,000. Finally, Invesco Ltd. raised its holdings in Citizens Financial Services by 52.2% during the third quarter. Invesco Ltd. now owns 4,438 shares of the company’s stock worth $213,000 after purchasing an additional 1,523 shares in the last quarter. Institutional investors own 22.49% of the company’s stock.

Citizens Financial Services Price Performance

Shares of NASDAQ:CZFS opened at $43.27 on Friday. Citizens Financial Services, Inc. has a 12 month low of $40.71 and a 12 month high of $92.00. The stock has a market cap of $203.80 million, a price-to-earnings ratio of 11.06 and a beta of 0.34. The stock’s 50 day moving average price is $46.06 and its 200 day moving average price is $52.78. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.99 and a quick ratio of 0.99.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.02). The business had revenue of $25.34 million during the quarter, compared to analyst estimates of $27.80 million. Citizens Financial Services had a return on equity of 11.08% and a net margin of 12.83%. Equities research analysts anticipate that Citizens Financial Services, Inc. will post 6.65 earnings per share for the current fiscal year.

Citizens Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.49 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.96 annualized dividend and a yield of 4.53%. Citizens Financial Services’s dividend payout ratio (DPR) is 50.09%.

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.