Citizens Financial Services Inc. (NASDAQ:CZFS) Plans $0.50 Quarterly Dividend

Citizens Financial Services Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 13th will be given a dividend of 0.50 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 13th.

Citizens Financial Services has increased its dividend by an average of 0.0%per year over the last three years. Citizens Financial Services has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 29.6%.

Citizens Financial Services Price Performance

Citizens Financial Services stock traded down $2.56 during midday trading on Thursday, reaching $60.66. The company’s stock had a trading volume of 12,143 shares, compared to its average volume of 12,017. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.85. The stock has a market cap of $291.53 million, a PE ratio of 7.95 and a beta of 0.42. Citizens Financial Services has a 52 week low of $49.96 and a 52 week high of $69.30. The business has a 50-day moving average price of $61.99 and a 200-day moving average price of $59.60.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.12. The company had revenue of $27.79 million for the quarter. Citizens Financial Services had a net margin of 21.08% and a return on equity of 11.55%. On average, sell-side analysts predict that Citizens Financial Services will post 6.4 EPS for the current year.

About Citizens Financial Services

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.