Citizens Financial Services Inc. $CZFS Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in Citizens Financial Services Inc. (NASDAQ:CZFS) by 141.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,534 shares of the company’s stock after buying an additional 16,149 shares during the period. Segall Bryant & Hamill LLC owned 0.57% of Citizens Financial Services worth $1,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CZFS. Nuveen LLC acquired a new stake in shares of Citizens Financial Services during the first quarter worth about $44,077,000. Citizens & Northern Corp increased its holdings in Citizens Financial Services by 1.0% in the 2nd quarter. Citizens & Northern Corp now owns 117,081 shares of the company’s stock worth $6,875,000 after acquiring an additional 1,159 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Citizens Financial Services by 1.6% in the second quarter. Geode Capital Management LLC now owns 106,338 shares of the company’s stock valued at $6,246,000 after purchasing an additional 1,681 shares in the last quarter. Hudock Inc. increased its stake in shares of Citizens Financial Services by 1.2% in the 2nd quarter. Hudock Inc. now owns 41,118 shares of the company’s stock worth $2,414,000 after acquiring an additional 492 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Citizens Financial Services by 25.7% in the first quarter. American Century Companies Inc. now owns 27,944 shares of the company’s stock valued at $1,622,000 after purchasing an additional 5,707 shares during the period. Institutional investors and hedge funds own 22.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CZFS. Weiss Ratings reiterated a “hold (c)” rating on shares of Citizens Financial Services in a report on Wednesday, October 8th. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Janney Montgomery Scott upgraded Citizens Financial Services to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Citizens Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Services currently has an average rating of “Moderate Buy”.

Insider Buying and Selling at Citizens Financial Services

In related news, CEO Randall E. Black acquired 478 shares of Citizens Financial Services stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $54.10 per share, with a total value of $25,859.80. Following the purchase, the chief executive officer directly owned 44,013 shares in the company, valued at approximately $2,381,103.30. The trade was a 1.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 513 shares of company stock worth $27,794 in the last three months. 6.10% of the stock is currently owned by corporate insiders.

Citizens Financial Services Trading Up 1.6%

NASDAQ:CZFS opened at $57.25 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.99 and a current ratio of 1.00. Citizens Financial Services Inc. has a 1 year low of $49.96 and a 1 year high of $72.92. The stock has a market cap of $275.14 million, a P/E ratio of 8.63 and a beta of 0.46. The stock has a 50-day simple moving average of $57.08 and a 200-day simple moving average of $58.65.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings data on Wednesday, April 20th. The company reported $1.71 earnings per share for the quarter. Citizens Financial Services had a net margin of 18.54% and a return on equity of 10.36%. The business had revenue of $18.69 million during the quarter. As a group, analysts anticipate that Citizens Financial Services Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.50 dividend. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.50. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, September 12th. Citizens Financial Services’s dividend payout ratio (DPR) is presently 28.05%.

About Citizens Financial Services

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.