De Lisle Partners LLP Takes $1.48 Million Position in Citizens Financial Services Inc. $CZFS

De Lisle Partners LLP acquired a new stake in Citizens Financial Services Inc. (NASDAQ:CZFS) in the second quarter, HoldingsChannel reports. The firm acquired 20,519 shares of the company’s stock, valued at approximately $1,480,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Citizens Financial Services by 93.5% during the 4th quarter. Royal Bank of Canada now owns 447 shares of the company’s stock worth $25,000 after acquiring an additional 216 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Citizens Financial Services by 39.4% during the second quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after acquiring an additional 186 shares during the last quarter. NBT Bank N A NY raised its stake in shares of Citizens Financial Services by 2,022.8% during the first quarter. NBT Bank N A NY now owns 1,210 shares of the company’s stock valued at $74,000 after acquiring an additional 1,153 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Citizens Financial Services by 537.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock valued at $78,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Citizens Financial Services by 3,225.0% during the third quarter. Russell Investments Group Ltd. now owns 1,463 shares of the company’s stock worth $88,000 after purchasing an additional 1,419 shares during the period. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Stock Performance

NASDAQ:CZFS opened at $81.70 on Friday. The company has a market capitalization of $392.98 million, a PE ratio of 9.56 and a beta of 0.35. The company has a 50 day simple moving average of $74.86 and a two-hundred day simple moving average of $67.68. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.01 and a current ratio of 1.02. Citizens Financial Services Inc. has a fifty-two week low of $52.35 and a fifty-two week high of $84.35.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.14. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%. The firm had revenue of $29.71 million for the quarter, compared to the consensus estimate of $29.30 million. Research analysts anticipate that Citizens Financial Services Inc. will post 8.72 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.51 per share. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. Citizens Financial Services’s payout ratio is 23.86%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CZFS shares. Wall Street Zen cut shares of Citizens Financial Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research lowered Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Citizens Financial Services 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.