Citizens Financial Services, Inc. (NASDAQ:CZFS) Director Buys $16,428.50 in Stock

Citizens Financial Services, Inc. (NASDAQ:CZFS) Director John P. Painter II purchased 290 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $56.65 per share, for a total transaction of $16,428.50. Following the acquisition, the director now owns 1,904 shares in the company, valued at approximately $107,861.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Citizens Financial Services Stock Up 15.2 %

Citizens Financial Services stock opened at $71.88 on Thursday. Citizens Financial Services, Inc. has a fifty-two week low of $38.52 and a fifty-two week high of $71.90. The firm has a market capitalization of $342.15 million, a price-to-earnings ratio of 12.41 and a beta of 0.48. The stock’s fifty day moving average is $56.59 and its two-hundred day moving average is $49.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00 and a current ratio of 1.01.

Citizens Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, September 13th. This represents a $1.96 annualized dividend and a yield of 2.73%. Citizens Financial Services’s dividend payout ratio (DPR) is currently 33.85%.

Hedge Funds Weigh In On Citizens Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new stake in shares of Citizens Financial Services in the second quarter valued at approximately $32,000. Vanguard Group Inc. lifted its stake in Citizens Financial Services by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock valued at $11,280,000 after buying an additional 10,058 shares in the last quarter. Rhumbline Advisers lifted its stake in Citizens Financial Services by 10.6% in the 2nd quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after buying an additional 505 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Citizens Financial Services by 22.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock valued at $1,068,000 after buying an additional 4,369 shares during the last quarter. Finally, Hudock Inc. increased its position in Citizens Financial Services by 1.6% during the second quarter. Hudock Inc. now owns 41,028 shares of the company’s stock worth $1,844,000 after buying an additional 627 shares in the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Company Profile

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.