Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Update

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

Citizens Financial Services Stock Performance

Shares of CZFS traded up $0.34 during mid-day 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 stock has a market cap of $337.72 million, a P/E ratio of 12.25 and a beta of 0.48. The business has a 50-day simple moving average of $61.99 and a two-hundred day simple moving average of $52.57. 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 has a 1-year low of $38.52 and a 1-year high of $75.40.

Citizens Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.49 dividend. 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 presently 33.85%.

Hedge Funds Weigh In On Citizens Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CZFS. Vanguard Group Inc. raised its holdings in Citizens Financial Services by 4.6% in the 1st 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 in the last quarter. Barclays PLC increased its stake in shares of Citizens Financial Services by 286.2% in the 3rd quarter. Barclays PLC now owns 5,924 shares of the company’s stock valued at $347,000 after purchasing an additional 4,390 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Citizens Financial Services by 22.5% in the 2nd 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 during the last quarter. State Street Corp increased its stake in shares of Citizens Financial Services by 2.3% in the 3rd quarter. State Street Corp now owns 72,070 shares of the company’s stock valued at $4,234,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Citizens Financial Services by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 102,399 shares of the company’s stock valued at $6,017,000 after purchasing an additional 1,112 shares during the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

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.