Citizens Financial Services, Inc. (NASDAQ:CZFS) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. grew its stake in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 148.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,237 shares of the company's stock after buying an additional 13,281 shares during the quarter. American Century Companies Inc. owned 0.47% of Citizens Financial Services worth $1,408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in Citizens Financial Services in the fourth quarter valued at about $46,000. SG Americas Securities LLC purchased a new stake in shares of Citizens Financial Services in the 4th quarter valued at about $121,000. Barclays PLC grew its position in shares of Citizens Financial Services by 286.2% during the third quarter. Barclays PLC now owns 5,924 shares of the company's stock worth $347,000 after acquiring an additional 4,390 shares during the last quarter. JPMorgan Chase & Co. raised its position in Citizens Financial Services by 177.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company's stock valued at $427,000 after purchasing an additional 4,655 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Citizens Financial Services by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,465 shares of the company's stock valued at $2,309,000 after purchasing an additional 1,858 shares during the period. 22.49% of the stock is owned by hedge funds and other institutional investors.

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Citizens Financial Services Stock Performance

CZFS traded down $0.70 during trading on Friday, reaching $54.60. The company's stock had a trading volume of 5,938 shares, compared to its average volume of 13,664. The company's fifty day moving average price is $59.10 and its 200-day moving average price is $61.85. Citizens Financial Services, Inc. has a 52-week low of $38.14 and a 52-week high of $75.40. The company has a market capitalization of $259.90 million, a price-to-earnings ratio of 9.30 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.14. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. On average, equities analysts forecast that Citizens Financial Services, Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, March 14th. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.49. Citizens Financial Services's dividend payout ratio (DPR) is 33.73%.

Citizens Financial Services 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.