Charles Schwab Investment Management Inc. Purchases 1,858 Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS)

Charles Schwab Investment Management Inc. increased its holdings in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS) by 5.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,465 shares of the company’s stock after purchasing an additional 1,858 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Citizens Financial Services were worth $2,309,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CZFS. Bryn Mawr Capital Management LLC increased its holdings in shares of Citizens Financial Services by 1,665.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 115,048 shares of the company’s stock worth $7,284,000 after purchasing an additional 108,531 shares during the period. Citizens & Northern Corp grew its position in Citizens Financial Services by 29.9% during the fourth quarter. Citizens & Northern Corp now owns 115,922 shares of the company’s stock worth $7,339,000 after buying an additional 26,693 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Citizens Financial Services during the 4th quarter worth $46,000. SG Americas Securities LLC acquired a new position in Citizens Financial Services in the 4th quarter valued at $121,000. Finally, JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 4,655 shares in the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Stock Down 3.0 %

CZFS stock opened at $57.43 on Friday. Citizens Financial Services, Inc. has a 52 week low of $38.14 and a 52 week high of $75.40. The business has a 50-day simple moving average of $60.32 and a 200 day simple moving average of $61.71. The company has a quick ratio of 0.96, a current ratio of 0.97 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.

Citizens Financial Services (NASDAQ:CZFS) last released 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%. Sell-side analysts anticipate that Citizens Financial Services, Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.495 per share. The ex-dividend date was Friday, March 14th. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a yield of 3.45%. Citizens Financial Services’s dividend 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.