Citizens Financial Services, Inc. (NASDAQ:CZFS) Sees Significant Growth in Short Interest

Citizens Financial Services, Inc. (NASDAQ:CZFS) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 29,000 shares, an increase of 9.8% from the October 31st total of 26,400 shares. Based on an average trading volume of 17,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new stake in shares of Citizens Financial Services during the second quarter valued at approximately $32,000. Vanguard Group Inc. grew 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 acquiring an additional 10,058 shares during the period. Rhumbline Advisers grew its position in Citizens Financial Services by 10.6% in the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after acquiring an additional 505 shares during the period. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 4,369 shares during the period. Finally, De Lisle Partners LLP grew its position in Citizens Financial Services by 1.0% in the third quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock valued at $897,000 after acquiring an additional 152 shares during the period. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Stock Performance

Shares of Citizens Financial Services stock traded up $0.34 during trading on Monday, reaching $70.95. The company’s stock had a trading volume of 33,601 shares, compared to its average volume of 11,577. The company has a 50-day moving average price of $61.99 and a two-hundred day moving average price of $52.57. The firm has a market cap of $337.72 million, a PE ratio of 12.25 and a beta of 0.48. Citizens Financial Services has a fifty-two week low of $38.52 and a fifty-two week high of $75.40. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78.

Citizens Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.96 annualized dividend and a yield of 2.76%. Citizens Financial Services’s dividend payout ratio is currently 33.85%.

Citizens Financial Services Company Profile

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.