Citizens Financial Services, Inc. (NASDAQ:CZFS) Director Purchases $16,428.50 in Stock

Citizens Financial Services, Inc. (NASDAQ:CZFS) Director John P. Painter II acquired 290 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $56.65 per share, for a total transaction of $16,428.50. Following the purchase, the director now directly owns 1,904 shares of the company’s stock, valued at approximately $107,861.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Citizens Financial Services Stock Performance

NASDAQ CZFS traded up $2.13 on Monday, reaching $58.99. 15,949 shares of the company’s stock traded hands, compared to its average volume of 10,081. The stock has a 50 day moving average price of $55.94 and a 200-day moving average price of $48.98. The firm has a market cap of $280.79 million, a price-to-earnings ratio of 9.82 and a beta of 0.48. 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 fifty-two week low of $38.52 and a fifty-two week high of $65.86.

Citizens Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.32%. The ex-dividend date was Friday, September 13th. Citizens Financial Services’s dividend payout ratio (DPR) is 33.85%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CZFS. Nisa Investment Advisors LLC purchased a new position in shares of Citizens Financial Services during the 2nd quarter valued at approximately $32,000. Vanguard Group Inc. boosted its position in Citizens Financial Services by 4.6% during the first quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock worth $11,280,000 after purchasing an additional 10,058 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Citizens Financial Services by 10.6% during the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock worth $238,000 after purchasing an additional 505 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Citizens Financial Services by 22.5% in the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock valued at $1,068,000 after purchasing an additional 4,369 shares in the last quarter. Finally, Hudock Inc. increased its stake in shares of Citizens Financial Services by 1.6% in the 2nd quarter. Hudock Inc. now owns 41,028 shares of the company’s stock worth $1,844,000 after acquiring an additional 627 shares during the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

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.