Citizens Financial Services (OTCBB:CZFS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $71.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.42% from the stock’s previous close.
According to Zacks, “Citizens Financial Services, Inc. is the bank holding company for First Citizens National Bank. “
Several other analysts have also recently weighed in on CZFS. Boenning Scattergood began coverage on Citizens Financial Services in a report on Wednesday, September 13th. They issued an “outperform” rating and a $63.50 price target on the stock. ValuEngine raised Citizens Financial Services from a “hold” rating to a “buy” rating in a report on Friday, September 15th.
In related news, Director Roger C. Graham, Jr. purchased 500 shares of Citizens Financial Services stock in a transaction that occurred on Thursday, November 30th. The shares were acquired at an average cost of $61.00 per share, for a total transaction of $30,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dwight D. Rohrer purchased 475 shares of Citizens Financial Services stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $61.49 per share, for a total transaction of $29,207.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,592 shares of company stock worth $97,611. 11.60% of the stock is owned by corporate insiders.
Citizens Financial Services Company Profile
Citizens Financial Services, Inc is a bank holding company for First Citizens Community Bank (the Bank). The Company is engaged in the ownership and management of the Bank and the Bank’s insurance agency subsidiary, First Citizens Insurance Agency, Inc It operates through community banking segment. The Bank is engaged in a range of banking activities and services for individual, business, governmental and institutional customers.
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