Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Up 16.2% in November

Citizens Financial Services, Inc. (NASDAQ:CZFS) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 33,700 shares, an increase of 16.2% from the November 15th total of 29,000 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,900 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CZFS. Geode Capital Management LLC raised its stake in shares of Citizens Financial Services by 1.1% in the third quarter. Geode Capital Management LLC now owns 102,399 shares of the company’s stock worth $6,017,000 after acquiring an additional 1,112 shares during the last quarter. State Street Corp increased its holdings in shares of Citizens Financial Services by 2.3% in the third 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 in the last quarter. Hudock Inc. raised its position in 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 purchasing an additional 627 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Citizens Financial Services by 22.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock worth $1,068,000 after buying an additional 4,369 shares in the last quarter. Finally, De Lisle Partners LLP boosted its position in Citizens Financial Services by 1.0% in the 3rd quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock valued at $897,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Price Performance

CZFS stock traded up $1.36 during midday trading on Monday, reaching $70.75. 5,362 shares of the company’s stock traded hands, compared to its average volume of 11,878. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.78. The company has a market cap of $336.77 million, a price-to-earnings ratio of 11.98 and a beta of 0.53. The company has a 50-day simple moving average of $65.16 and a two-hundred day simple moving average of $54.58. Citizens Financial Services has a 1-year low of $38.52 and a 1-year high of $75.40.

Citizens Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.77%. Citizens Financial Services’s dividend payout ratio is 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.