Bank of New York Mellon Corp increases holdings in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Bank of New York Mellon Corp raised its holdings in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS – Free Report) by 22.5% in the second quarter, Holdings Channel reports. The firm owned 23,761 shares of the company’s stock after purchasing an additional 4,369 shares during the quarter. Bank of New York Mellon Corp’s holdings in Citizens Financial Services were worth $1,068,000 at the end of the most recent quarter.

Separately, Vanguard Group Inc. boosted its position in Citizens Financial Services by 4.6% in the first quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock valued at $11,280,000 after buying an additional 10,058 shares during the period. 22.49% of shares are currently owned by institutional investors.

Citizens Financial Services stock performance

Shares of NASDAQ:CZFS opened at $55.37 on Friday. The company’s 50-day simple moving average is $51.43, and its 200-day simple moving average is $46.46. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00, and a current ratio of 1.01. Citizens Financial Services, Inc. has a one year low of $38.52 and a one year high of $65.86. The firm has a market cap of $260.63 million, a PE ratio of 15.01 and a beta of 0.48.

Citizens Financial Services (NASDAQ:CZFS – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $24.64 million for the quarter, compared to analysts’ expectations of $25.40 million. Citizens Financial Services had a return on equity of 10.18% and a net margin of 16.44%. As a group, equities analysts predict that Citizens Financial Services, Inc. will post 5.31 EPS for the current year.

Citizens Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.49 dividend. The ex-dividend date is Friday, September 13. This represents an annualized dividend of $1.96 and a dividend yield of 3.54%. Citizens Financial Services’s payout ratio is currently 53.12%.

Profile of financial services for citizens

(Free Report)

Citizens Financial Services, Inc, a bank holding company, provides various banking products and services to individual, business, government 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 loans and political subdivisions; and consumer loans, as well as various other specialized financial services.

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