Bank of New York Mellon Corp Has $856,000 Stake in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Bank of New York Mellon Corp reduced its position in Citizens Financial Services, Inc. (NASDAQ:CZFS) by 32.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,526 shares of the company’s stock after selling 6,434 shares during the quarter. Bank of New York Mellon Corp’s holdings in Citizens Financial Services were worth $856,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CZFS. Stonebridge Financial Group LLC bought a new position in shares of Citizens Financial Services during the fourth quarter valued at $46,000. SG Americas Securities LLC bought a new stake in Citizens Financial Services during the fourth quarter worth about $121,000. Barclays PLC increased its holdings in shares of Citizens Financial Services by 286.2% during the third quarter. Barclays PLC now owns 5,924 shares of the company’s stock worth $347,000 after buying an additional 4,390 shares in the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 4,655 shares in the last quarter. Finally, De Lisle Partners LLP increased its holdings in Citizens Financial Services by 1.0% during the 3rd quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock valued at $897,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Price Performance

Shares of CZFS stock opened at $58.05 on Wednesday. The stock’s fifty day moving average is $60.48 and its 200-day moving average is $61.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97. Citizens Financial Services, Inc. has a 52 week low of $38.14 and a 52 week high of $75.40. The stock has a market capitalization of $276.32 million, a PE ratio of 9.89 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 return on equity of 9.93% and a net margin of 16.39%. Equities research analysts expect that Citizens Financial Services, Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.495 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.49. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.41%. Citizens Financial Services’s dividend payout ratio 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.