Citizens Financial Services Inc. (CZFS) to Issue Quarterly Dividend of $0.51 on June 26th

Citizens Financial Services Inc. (NASDAQ:CZFS) declared a quarterly dividend on Tuesday, June 2nd. Investors of record on Friday, June 12th will be paid a dividend of 0.51 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, June 12th. This is a 2.0% increase from Citizens Financial Services’s previous quarterly dividend of $0.50.

Citizens Financial Services has raised its dividend by an average of 0.0%per year over the last three years. Citizens Financial Services has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Financial Services to earn $8.31 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.1%.

Citizens Financial Services Stock Performance

Shares of NASDAQ CZFS opened at $67.51 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $64.99 and a 200 day simple moving average of $62.18. Citizens Financial Services has a one year low of $49.99 and a one year high of $69.58. The firm has a market capitalization of $324.05 million, a price-to-earnings ratio of 8.24 and a beta of 0.38.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.18. Citizens Financial Services had a return on equity of 11.89% and a net margin of 22.47%.The firm had revenue of $29.80 million during the quarter, compared to analyst estimates of $29.10 million. Sell-side analysts expect that Citizens Financial Services will post 8.23 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Citizens Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.