Trexquant Investment LP Takes Position in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Trexquant Investment LP acquired a new stake in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,340 shares of the company's stock, valued at approximately $338,000. Trexquant Investment LP owned 0.11% of Citizens Financial Services as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Citizens Financial Services by 177.9% during the third quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company's stock worth $427,000 after acquiring an additional 4,655 shares in the last quarter. American Century Companies Inc. increased its holdings in Citizens Financial Services by 148.3% during the 4th quarter. American Century Companies Inc. now owns 22,237 shares of the company's stock worth $1,408,000 after purchasing an additional 13,281 shares in the last quarter. Barclays PLC raised its stake in shares of Citizens Financial Services by 286.2% in the third quarter. Barclays PLC now owns 5,924 shares of the company's stock worth $347,000 after purchasing an additional 4,390 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Citizens Financial Services by 1.1% in the third 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Citizens Financial Services in the fourth quarter valued at approximately $121,000. Institutional investors own 22.49% of the company's stock.

Citizens Financial Services Stock Down 2.1 %

Citizens Financial Services stock traded down $1.21 during trading on Friday, hitting $55.91. 7,757 shares of the company were exchanged, compared to its average volume of 13,829. 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 business's 50 day moving average is $58.30 and its 200 day moving average is $61.78. Citizens Financial Services, Inc. has a 52 week low of $38.14 and a 52 week high of $75.40. The company has a market capitalization of $266.13 million, a P/E ratio of 9.52 and a beta of 0.43.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.68 EPS for the quarter, beating 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%. Analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.495 per share. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.49. This represents a $1.98 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Friday, March 14th. Citizens Financial Services's dividend payout ratio (DPR) 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.