Citizens Financial Services (NASDAQ:CZFS) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Citizens Financial Services (NASDAQ:CZFS) posted its quarterly earnings data on Friday. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28, FiscalAI reports. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%. The business had revenue of $31.57 million during the quarter, compared to analyst estimates of $31.00 million.

Citizens Financial Services Stock Up 1.5%

Shares of Citizens Financial Services stock traded up $1.30 during trading on Friday, hitting $86.20. 78,382 shares of the stock were exchanged, compared to its average volume of 19,738. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 1.01. The firm’s 50-day moving average price is $81.02 and its 200 day moving average price is $70.60. The stock has a market cap of $414.65 million, a price-to-earnings ratio of 10.08 and a beta of 0.37. Citizens Financial Services has a 12-month low of $53.14 and a 12-month high of $88.20.

Citizens Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 11th. Citizens Financial Services’s payout ratio is 23.86%.

Wall Street Analyst Weigh In

CZFS has been the topic of a number of research reports. Wall Street Zen lowered shares of Citizens Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Citizens Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Citizens Financial Services has a consensus rating of “Moderate Buy”.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc is a bank holding company headquartered in Mansfield, Pennsylvania. It operates through its principal subsidiary, First Citizens Community Bank, which provides financial services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, business banking, cash-management services, online and mobile banking, wealth management and trust services. Its lending activities include real estate, agricultural, commercial and consumer loans.

Founded in 1932, First Citizens Community Bank serves communities in central and northern Pennsylvania and southern New York through branch locations and digital banking channels.