Bank of New York Mellon Corp Decreases Holdings in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Bank of New York Mellon Corp reduced its holdings in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,526 shares of the company's stock after selling 6,434 shares during the period. Bank of New York Mellon Corp owned 0.28% of Citizens Financial Services worth $856,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CZFS. Stonebridge Financial Group LLC acquired a new stake in Citizens Financial Services during the fourth quarter worth approximately $46,000. SG Americas Securities LLC bought a new position in shares of Citizens Financial Services during the 4th quarter worth approximately $121,000. Barclays PLC grew 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 worth $347,000 after buying an additional 4,390 shares during the period. JPMorgan Chase & Co. grew its position in shares of Citizens Financial Services by 177.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company's stock worth $427,000 after buying an additional 4,655 shares during the period. Finally, De Lisle Partners LLP increased its stake in shares of 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 acquiring an additional 152 shares in the last quarter. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Stock Down 3.0 %

NASDAQ CZFS traded down $1.77 on Friday, hitting $57.43. 7,315 shares of the company were exchanged, compared to its average volume of 13,298. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78. The company has a market cap of $273.37 million, a PE ratio of 9.78 and a beta of 0.57. The stock has a fifty day moving average of $60.32 and a 200-day moving average of $61.78. Citizens Financial Services, Inc. has a 12 month low of $38.14 and a 12 month high of $75.40.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last issued its 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%. As a group, analysts forecast that Citizens Financial Services, Inc. will post 6.4 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Friday, March 14th. This is an increase from Citizens Financial Services's previous quarterly dividend of $0.49. Citizens Financial Services's payout ratio is presently 33.73%.

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.