Wednesday, December 26, 2018

Citizens Financial Services (CZFS) Cut to “Hold” at Zacks Investment Research - Fairfield Current

Citizens Financial Services (OTCBB:CZFS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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

Separately, Boenning Scattergood reaffirmed a “buy” rating on shares of Citizens Financial Services in a report on Wednesday, October 24th.

The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $199.99 million, a P/E ratio of 11.32 and a beta of 0.18. Citizens Financial Services has a 52-week low of $50.10 and a 52-week high of $65.00.

In related news, insider Jeffrey B. Carr sold 800 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $60.15, for a total transaction of $48,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.80% 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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