OTCPK:CZFS

Stock Analysis Report

Citizens Financial Services

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Citizens Financial Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

CZFS

4.8%

US Banks

2.3%

US Market


1 Year Return

-3.1%

CZFS

0.04%

US Banks

5.6%

US Market

Return vs Industry: CZFS underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: CZFS underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

CZFSIndustryMarket
7 Day2.5%4.8%2.3%
30 Day3.0%-0.5%-1.0%
90 Day-1.2%2.0%-0.7%
1 Year-0.1%-3.1%2.9%0.04%7.9%5.6%
3 Year37.2%25.5%51.5%41.1%45.6%36.3%
5 Year44.2%23.1%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is Citizens Financial Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Citizens Financial Services undervalued compared to its fair value and its price relative to the market?

11.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CZFS ($59.75) is trading above our estimate of fair value ($53.12)

Significantly Undervalued: CZFS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CZFS is good value based on its PE Ratio (11.5x) compared to the Banks industry average (12.6x).

PE vs Market: CZFS is good value based on its PE Ratio (11.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: CZFS is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: CZFS is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Citizens Financial Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CZFS's forecast earnings growth (6.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CZFS's earnings (6.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CZFS's earnings are forecast to grow, but not significantly.

Revenue vs Market: CZFS's revenue (7.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: CZFS's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CZFS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Citizens Financial Services performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CZFS's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: CZFS's earnings growth over the past year (20.8%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: CZFS earnings growth over the past year (20.8%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: CZFS's Return on Equity (12.4%) is considered low.


Return on Assets

ROA vs Industry: CZFS has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CZFS's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Citizens Financial Services's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CZFS has a low level of unsold assets or inventory.

Debt Coverage by Assets: CZFS's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: CZFS's level of assets compared to its equity is low.

Allowance for Bad Loans: CZFS has a sufficient allowance for bad loans.

Low Risk Liabilities: CZFS's liabilities are made up of primarily low risk sources of funding.

Loan Level: CZFS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CZFS's loans are broadly funded by customer deposits.

Level of Bad Loans: CZFS has an appropriate level of bad loans (1.16%)


Next Steps

Dividend

What is Citizens Financial Services's current dividend yield, its reliability and sustainability?

2.95%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CZFS's dividend (2.95%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: CZFS's dividend (2.95%) is low compared to the top 25% of dividend payers in the US market (3.76%).

Stable Dividend: CZFS's dividend payments have been volatile in the past 10 years.

Growing Dividend: CZFS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.5%), CZFS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Citizens Financial Services's salary, the management and board of directors tenure and is there insider trading?

15.4yrs

Average management tenure


CEO

Randy Black (52yo)

15.5yrs

Tenure

US$696,759

Compensation

Mr. Randall E. Black, also known as Randy, has been the President of Citizens Financial Services Inc. and its subsidiary First Citizens Community Bank (Mansfield, PA) since March 2004. Mr. Black has been t ...


CEO Compensation Analysis

Compensation vs. Market: Randy's total compensation ($USD696.76K) is below average for companies of similar size in the US market ($USD1.18M).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.


Management Age and Tenure

15.4yrs

Average Tenure

57yo

Average Age

Experienced Management: CZFS's management team is seasoned and experienced (15.4 years average tenure).


Board Age and Tenure

14.6yrs

Average Tenure

63yo

Average Age

Experienced Board: CZFS's board of directors are seasoned and experienced ( 14.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$61,00030 Apr 19
Christopher Kunes
EntityIndividual
Shares1,010
Max PriceUS$60.40
SellUS$14,87518 Mar 19
Robert Mosso
EntityIndividual
Role
Senior Key Executive
Senior VP & Wealth Management Division Manager of First Citizens Community Bank
Shares252.5
Max PriceUS$58.91
BuyUS$16,61026 Feb 19
Christopher Kunes
EntityIndividual
Shares283.81
Max PriceUS$58.52
BuyUS$14,31821 Feb 19
Christopher Kunes
EntityIndividual
Shares243.41
Max PriceUS$58.82
BuyUS$48,66006 Feb 19
Rinaldo DePaola
EntityIndividual
Role
Member of the Board of Directors
Director
Shares823.15
Max PriceUS$59.41
BuyUS$11,87701 Feb 19
Rinaldo DePaola
EntityIndividual
Role
Member of the Board of Directors
Director
Shares207.05
Max PriceUS$57.42
BuyUS$5,03801 Feb 19
Dwight Rohrer
EntityIndividual
Shares89.89
Max PriceUS$56.05
BuyUS$11,93401 Feb 19
Dwight Rohrer
EntityIndividual
Shares211.09
Max PriceUS$56.53
SellUS$48,12017 Dec 18
Jeffrey Carr
EntityIndividual
Shares808
Max PriceUS$59.90
SellUS$6,10007 Dec 18
Rudolph van der Hiel
EntityIndividual
Shares101
Max PriceUS$60.40
BuyUS$6,15529 Oct 18
Dwight Rohrer
EntityIndividual
Shares101
Max PriceUS$60.94

Ownership Breakdown


Management Team

  • Terry Osborne (65yo)

    Executive VP

    • Tenure: 36.1yrs
    • Compensation: US$401.07k
  • Randy Black (52yo)

    CEO, President & Director

    • Tenure: 15.5yrs
    • Compensation: US$696.76k
  • Kathleen Campbell (58yo)

    • Tenure: 0yrs
  • Cindy Pazzaglia (60yo)

    Senior Vice President of Human Resources

    • Tenure: 0yrs
  • Jeff Wilson (57yo)

    Executive VP & Chief Lending Officer of First Citizens Community Bank

    • Tenure: 9.8yrs
    • Compensation: US$248.24k
  • Chris Landis (51yo)

    Senior VP & Senior Lending Officer of First Citizens Community Bank

    • Tenure: 8.8yrs
  • Greg Anna (57yo)

    Senior VP & Information Systems Manager of First Citizens National Bank

    • Tenure: 17.8yrs
  • Mick Jones (58yo)

    Executive VP

    • Tenure: 15.3yrs
    • Compensation: US$399.30k
  • Bob Mosso (48yo)

    Senior VP & Wealth Management Division Manager of First Citizens Community Bank

    • Tenure: 0yrs
  • Bob Chappell (52yo)

    Assistant Secretary & Director

    • Tenure: 13.5yrs
    • Compensation: US$44.80k

Board Members

  • Randy Black (52yo)

    CEO, President & Director

    • Tenure: 15.5yrs
    • Compensation: US$696.76k
  • R. Coolidge (78yo)

    Chairman of the Board

    • Tenure: 21.8yrs
    • Compensation: US$64.34k
  • Edward Kosa (72yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$47.52k
  • Robert Landy (64yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$46.14k
  • Roger Graham (63yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$46.90k
  • Dave Richards (58yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$276.27k
  • Ray DePaola (63yo)

    Director

    • Tenure: 13.5yrs
    • Compensation: US$45.90k
  • Bob Chappell (52yo)

    Assistant Secretary & Director

    • Tenure: 13.5yrs
    • Compensation: US$44.80k
  • Thomas Freeman (59yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$44.14k
  • Alletta Schadler (83yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$48.40k

Company Information

Citizens Financial Services, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Citizens Financial Services, Inc.
  • Ticker: CZFS
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$210.638m
  • Shares outstanding: 3.53m
  • Website: https://www.firstcitizensbank.com

Number of Employees


Location

  • Citizens Financial Services, Inc.
  • 15 South Main Street
  • Mansfield
  • Pennsylvania
  • 16933
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CZFSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1990

Biography

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 instituti ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:33
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.