Citizens Financial Services (NASDAQ:CZFS) Rating Lowered to Hold at Zacks Research

Citizens Financial Services (NASDAQ:CZFS) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings upgraded shares of Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Citizens Financial Services Price Performance

CZFS opened at $76.38 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $367.01 million, a P/E ratio of 9.33 and a beta of 0.36. The company’s 50 day simple moving average is $69.86 and its 200-day simple moving average is $65.69. Citizens Financial Services has a one year low of $49.99 and a one year high of $79.50.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.14. Citizens Financial Services had a return on equity of 11.89% and a net margin of 22.47%.The firm had revenue of $29.71 million during the quarter, compared to analysts’ expectations of $29.30 million. Sell-side analysts anticipate that Citizens Financial Services will post 8.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Services

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Citizens Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 246,735 shares of the company’s stock worth $14,873,000 after acquiring an additional 1,987 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Citizens Financial Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 110,866 shares of the company’s stock valued at $6,323,000 after purchasing an additional 1,390 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Citizens Financial Services by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 28,590 shares of the company’s stock valued at $1,748,000 after purchasing an additional 4,115 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Citizens Financial Services by 1.4% in the second quarter. American Century Companies Inc. now owns 28,344 shares of the company’s stock worth $1,664,000 after purchasing an additional 400 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in Citizens Financial Services by 28.2% during the first quarter. Segall Bryant & Hamill LLC now owns 20,701 shares of the company’s stock worth $1,266,000 after purchasing an additional 4,553 shares during the last quarter. Institutional investors own 22.49% of the company’s stock.

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.