Citizens Financial Services, Inc. (NASDAQ:CZFS - Get Free Report) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.495 per share on Friday, March 28th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. This is a 1.0% increase from Citizens Financial Services's previous quarterly dividend of $0.49.
Citizens Financial Services has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 29.0%.
Citizens Financial Services Trading Up 0.9 %
Shares of Citizens Financial Services stock traded up $0.52 on Friday, reaching $59.07. 12,136 shares of the company's stock were exchanged, compared to its average volume of 11,580. The company has a market capitalization of $281.17 million, a P/E ratio of 10.06 and a beta of 0.57. Citizens Financial Services has a 52 week low of $38.52 and a 52 week high of $75.40. The firm's 50-day moving average is $61.27 and its two-hundred day moving average is $61.28. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.14. Citizens Financial Services had a return on equity of 9.93% and a net margin of 16.39%. Sell-side analysts predict that Citizens Financial Services will post 6.4 EPS for the current fiscal year.
Citizens Financial Services Company Profile
(
Get Free Report)
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.
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