Bryn Mawr Capital Management LLC Boosts Stake in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Bryn Mawr Capital Management LLC lifted its position in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 1,665.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,048 shares of the company's stock after buying an additional 108,531 shares during the period. Bryn Mawr Capital Management LLC owned approximately 2.42% of Citizens Financial Services worth $7,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. De Lisle Partners LLP increased its holdings in Citizens Financial Services by 1.0% in the 3rd quarter. De Lisle Partners LLP now owns 15,354 shares of the company's stock valued at $897,000 after purchasing an additional 152 shares in the last quarter. State Street Corp increased its holdings in Citizens Financial Services by 2.3% in 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 in the last quarter. Barclays PLC increased its holdings in Citizens Financial Services by 286.2% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in Citizens Financial Services by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 102,399 shares of the company's stock valued at $6,017,000 after purchasing an additional 1,112 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 in the last quarter. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Stock Down 1.3 %

NASDAQ CZFS traded down $0.80 during trading hours on Friday, hitting $59.02. The company had a trading volume of 11,509 shares, compared to its average volume of 9,687. Citizens Financial Services, Inc. has a fifty-two week low of $38.52 and a fifty-two week high of $75.40. The company has a market capitalization of $280.94 million, a price-to-earnings ratio of 10.05 and a beta of 0.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.97 and a quick ratio of 0.96. The firm's 50 day moving average is $62.49 and its 200 day moving average is $60.37.

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 return on equity of 9.93% and a net margin of 16.39%. Sell-side analysts anticipate that Citizens Financial Services, Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given 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 3.32%. Citizens Financial Services's payout ratio is currently 33.39%.

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.