Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Up 23.1% in December

Citizens Financial Services, Inc. (NASDAQ:CZFS) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 41,500 shares, an increase of 23.1% from the November 30th total of 33,700 shares. Based on an average daily volume of 20,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.9% of the shares of the company are sold short.

Citizens Financial Services Price Performance

Shares of Citizens Financial Services stock traded up $1.10 during trading on Tuesday, hitting $65.11. 1,196 shares of the company’s stock traded hands, compared to its average volume of 12,085. Citizens Financial Services has a twelve month low of $38.52 and a twelve month high of $75.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market cap of $309.92 million, a PE ratio of 11.25 and a beta of 0.53. The firm’s fifty day moving average price is $66.72 and its 200 day moving average price is $56.18.

Citizens Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.01%. Citizens Financial Services’s dividend payout ratio (DPR) is presently 33.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its position in Citizens Financial Services by 10.6% during the 2nd quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after purchasing an additional 505 shares during the period. Bank of New York Mellon Corp boosted its holdings in Citizens Financial Services by 22.5% during the second 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 during the last quarter. State Street Corp grew its position in shares of Citizens Financial Services by 2.3% during the 3rd quarter. State Street Corp now owns 72,070 shares of the company’s stock worth $4,234,000 after buying an additional 1,588 shares during the period. De Lisle Partners LLP boosted its stake in Citizens Financial Services by 1.0% during the 3rd quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock worth $897,000 after acquiring an additional 152 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Citizens Financial Services by 177.9% during the third quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company’s stock valued at $427,000 after purchasing an additional 4,655 shares during the period. Institutional investors and hedge funds own 22.49% of the company’s stock.

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.