Citizens Financial Services (CZFS) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Citizens Financial Services (OTCBB:CZFS) from a sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Citizens Financial Services, Inc. is the bank holding company for First Citizens National Bank. “

Separately, Boenning Scattergood set a $63.00 target price on shares of Citizens Financial Services and gave the stock a buy rating in a report on Friday, April 26th.

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. Citizens Financial Services has a fifty-two week low of $50.10 and a fifty-two week high of $65.00. The company has a market cap of $224.04 million, a P/E ratio of 12.31 and a beta of 0.24.

Citizens Financial Services (OTCBB:CZFS) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.09). The business had revenue of $13.95 million for the quarter, compared to analyst estimates of $14.45 million. Citizens Financial Services had a return on equity of 13.26% and a net margin of 27.46%. Research analysts anticipate that Citizens Financial Services will post 5.22 earnings per share for the current year.

In other Citizens Financial Services news, Director Christopher W. Kunes acquired 1,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $61.00 per share, with a total value of $61,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.30% of the company’s stock.

About Citizens Financial Services

Citizens Financial Services, Inc operates as the holding company for First Citizens Community Bank that 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.

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