Citizens Financial Services Inc. (CZFS) to Issue Quarterly Dividend of $0.50 on December 26th

by · The Cerbat Gem

Citizens Financial Services Inc. (NASDAQ:CZFS – Get Free Report) declared a quarterly dividend on Tuesday, December 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of 0.50 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, December 12th.

Citizens Financial Services has increased its dividend by an average of 0.0%annually over the last three years. Citizens Financial Services has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 29.6%.

Citizens Financial Services Stock Performance

Citizens Financial Services stock opened at $60.35 on Wednesday. The firm has a 50 day simple moving average of $56.03 and a 200-day simple moving average of $58.37. The stock has a market cap of $290.04 million, a price-to-earnings ratio of 8.68 and a beta of 0.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.98 and a quick ratio of 0.98. Citizens Financial Services has a 1-year low of $49.96 and a 1-year high of $72.86.

Citizens Financial Services (NASDAQ:CZFS – Get Free Report) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.71 EPS for the quarter. Citizens Financial Services had a return on equity of 10.91% and a net margin of 19.80%.The firm had revenue of $18.69 million for the quarter. On average, analysts expect that Citizens Financial Services will post 6.4 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CZFS. Zacks Research lowered shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Janney Montgomery Scott raised shares of Citizens Financial Services to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Citizens Financial Services in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Citizens Financial Services currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on CZFS

About Citizens Financial Services

(Get Free Report)

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.

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