Bank of New York Mellon Corp grew its holdings in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS – Free Report) by 22.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,761 shares of the company’s stock after buying an additional 4,369 shares during the quarter. Bank of New York Mellon Corp owned 0.50% of Citizens Financial Services worth $1,068,000 at the end of the most recent reporting period.
Separately, Nisa Investment Advisors LLC purchased a new position in shares of Citizens Financial Services in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 22.49% of the company’s stock.
Citizens Financial Services Stock Performance
NASDAQ:CZFS opened at $55.37 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00 and a current ratio of 1.01. The stock’s fifty day moving average is $51.43 and its 200 day moving average is $46.46. The firm has a market capitalization of $260.63 million, a PE ratio of 15.01 and a beta of 0.48. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, September 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.54%. Citizens Financial Services’s dividend payout ratio (DPR) is presently 53.12%.
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.
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