Citizens Financial Services (NASDAQ:CZFS) Rating Increased to Buy at Janney Montgomery Scott

Citizens Financial Services (NASDAQ:CZFS) was upgraded by equities research analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Marketbeat reports. The firm presently has a $53.00 price objective on the stock. Janney Montgomery Scott’s price objective points to a potential upside of 24.88% from the stock’s current price.

Citizens Financial Services Stock Performance

CZFS stock opened at $42.44 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.15. The firm has a market cap of $199.89 million, a P/E ratio of 11.50 and a beta of 0.34. Citizens Financial Services has a 12-month low of $38.91 and a 12-month high of $92.00. The stock’s 50 day simple moving average is $44.85 and its 200 day simple moving average is $52.59.

Citizens Financial Services (NASDAQ:CZFS) last issued its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.02). Citizens Financial Services had a return on equity of 10.57% and a net margin of 11.63%. The company had revenue of $25.34 million during the quarter, compared to analyst estimates of $27.80 million. As a group, equities research analysts predict that Citizens Financial Services will post 6.65 EPS for the current year.

Institutional Investors Weigh In On Citizens Financial Services

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Citizens Financial Services in the third quarter worth $37,000. SG Americas Securities LLC acquired a new stake in Citizens Financial Services in the fourth quarter worth $119,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Citizens Financial Services by 5.9% in the third quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock worth $289,000 after purchasing an additional 337 shares in the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

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.