Trexquant Investment LP Acquires New Stake in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Trexquant Investment LP bought a new position in Citizens Financial Services, Inc. (NASDAQ:CZFS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,340 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Citizens Financial Services in the fourth quarter valued at $46,000. SG Americas Securities LLC bought a new position in shares of Citizens Financial Services during the 4th quarter valued at about $121,000. Barclays PLC grew its stake in shares of Citizens Financial Services by 286.2% in the 3rd 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. JPMorgan Chase & Co. raised its holdings in shares of Citizens Financial Services by 177.9% in 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. Finally, American Century Companies Inc. lifted its stake in Citizens Financial Services by 148.3% during the fourth quarter. American Century Companies Inc. now owns 22,237 shares of the company’s stock valued at $1,408,000 after purchasing an additional 13,281 shares during the last quarter. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Trading Down 1.3 %

Citizens Financial Services stock opened at $54.60 on Monday. 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 firm has a market cap of $259.90 million, a price-to-earnings ratio of 9.30 and a beta of 0.43. Citizens Financial Services, Inc. has a 1 year low of $38.14 and a 1 year high of $75.40. The firm’s 50 day moving average price is $59.10 and its two-hundred day moving average price is $61.89.

Citizens Financial Services (NASDAQ:CZFS) last announced 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%. On average, research analysts predict that Citizens Financial Services, Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.495 dividend. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a dividend yield of 3.63%. 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.