JPMorgan Chase & Co. Buys 4,655 Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS)

JPMorgan Chase & Co. boosted its holdings in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 177.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,272 shares of the company's stock after acquiring an additional 4,655 shares during the quarter. JPMorgan Chase & Co. owned 0.15% of Citizens Financial Services worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. De Lisle Partners LLP increased its stake in Citizens Financial Services by 1.0% in the third quarter. De Lisle Partners LLP now owns 15,354 shares of the company's stock valued at $897,000 after acquiring an additional 152 shares during the last quarter. State Street Corp increased its position in shares of Citizens Financial Services by 2.3% during the 3rd quarter. State Street Corp now owns 72,070 shares of the company's stock valued at $4,234,000 after purchasing an additional 1,588 shares during the last quarter. Barclays PLC increased its position in shares of Citizens Financial Services by 286.2% during the 3rd quarter. Barclays PLC now owns 5,924 shares of the company's stock valued at $347,000 after purchasing an additional 4,390 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Citizens Financial Services by 1.1% during the third quarter. Geode Capital Management LLC now owns 102,399 shares of the company's stock valued at $6,017,000 after acquiring an additional 1,112 shares during the last quarter. Hedge funds and other institutional investors own 22.49% of the company's stock.

Citizens Financial Services Price Performance

Shares of CZFS stock traded up $2.17 during trading hours on Thursday, hitting $62.67. 10,845 shares of the company's stock were exchanged, compared to its average volume of 13,176. Citizens Financial Services, Inc. has a 12-month low of $38.52 and a 12-month high of $75.40. The company has a market capitalization of $298.31 million, a PE ratio of 10.82 and a beta of 0.55. The business's 50 day simple moving average is $65.33 and its 200-day simple moving average is $59.00. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $42.44 million for the quarter, compared to the consensus estimate of $26.10 million. Citizens Financial Services had a return on equity of 9.86% and a net margin of 16.24%. On average, equities research analysts anticipate that Citizens Financial Services, Inc. will post 5.5 earnings per share for the current year.

Citizens Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. Citizens Financial Services's dividend payout ratio (DPR) is currently 33.85%.

About Citizens Financial Services

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.