JPMorgan Chase & Co. Boosts Holdings in Citizens Financial Services, Inc. (NASDAQ:CZFS)

JPMorgan Chase & Co. lifted its position in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 127.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,576 shares of the company's stock after purchasing an additional 9,304 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Citizens Financial Services worth $1,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens & Northern Corp raised its stake in shares of Citizens Financial Services by 29.9% during the 4th quarter. Citizens & Northern Corp now owns 115,922 shares of the company's stock valued at $7,339,000 after buying an additional 26,693 shares during the last quarter. Bryn Mawr Capital Management LLC lifted its holdings in Citizens Financial Services by 1,665.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 115,048 shares of the company's stock valued at $7,284,000 after acquiring an additional 108,531 shares during the period. Geode Capital Management LLC boosted its position 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 worth $6,017,000 after purchasing an additional 1,112 shares in the last quarter. State Street Corp grew its stake 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 worth $4,234,000 after purchasing an additional 1,588 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Citizens Financial Services by 5.4% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 22.49% of the company's stock.

Citizens Financial Services Stock Performance

NASDAQ CZFS traded up $0.25 during mid-day trading on Tuesday, reaching $54.98. 8,926 shares of the stock were exchanged, compared to its average volume of 13,824. The company has a market capitalization of $261.70 million, a P/E ratio of 9.37 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. The business's 50 day moving average is $57.44 and its 200-day moving average is $61.96. Citizens Financial Services, Inc. has a 1 year low of $39.10 and a 1 year high of $75.40.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.68 earnings per share (EPS) for the quarter, topping 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 research analysts forecast that Citizens Financial Services, Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.495 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Citizens Financial Services's previous quarterly dividend of $0.49. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.60%. Citizens Financial Services's payout ratio is 33.73%.

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.