OTCPK:CZFS

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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. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


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

Stable Share Price: CZFS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CZFS's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

CZFS

-3.2%

US Banks

2.6%

US Market


1 Year Return

-10.3%

CZFS

-6.1%

US Banks

26.0%

US Market

Return vs Industry: CZFS underperformed the US Banks industry which returned -6.1% over the past year.

Return vs Market: CZFS underperformed the US Market which returned 26% over the past year.


Shareholder returns

CZFSIndustryMarket
7 Day-1.4%-3.2%2.6%
30 Day11.6%6.4%5.1%
90 Day26.1%35.3%17.1%
1 Year-6.9%-10.3%-2.6%-6.1%28.9%26.0%
3 Year1.3%-8.0%-3.0%-11.3%46.3%36.6%
5 Year46.4%24.8%77.3%54.9%126.9%101.6%

Long-Term 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?

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CZFS ($55.5) is trading below our estimate of fair value ($63.15)

Significantly Below Fair Value: CZFS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CZFS is good value based on its PE Ratio (9x) compared to the US Banks industry average (12.2x).

PE vs Market: CZFS is good value based on its PE Ratio (9x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: CZFS is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CZFS is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1x).


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?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CZFS's forecast earnings growth (6.8% per year) is above the savings rate (2%).

Earnings vs Market: CZFS's earnings (6.8% per year) are forecast to grow slower than the US market (21.5% per year).

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

Revenue vs Market: CZFS's revenue (5.3% per year) is forecast to grow slower than the US market (10.6% per year).

High Growth Revenue: CZFS's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CZFS's Return on Equity is forecast to be low in 3 years time (13.2%).


Next Steps

Past Performance

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

13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CZFS has high quality earnings.

Growing Profit Margin: CZFS's current net profit margins (34.8%) are higher than last year (34%).


Past Earnings Growth Analysis

Earnings Trend: CZFS's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: CZFS's earnings growth over the past year (20.8%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: CZFS earnings growth over the past year (20.8%) exceeded the Banks industry -3%.


Return on Equity

High ROE: CZFS's Return on Equity (12.1%) is considered low.


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


Financial Institutions Analysis

Asset Level: CZFS's Assets to Equity ratio (9.8x) is low.

Allowance for Bad Loans: CZFS has a sufficient allowance for bad loans (118%).

Low Risk Liabilities: 93% of CZFS's liabilities are made up of primarily low risk sources of funding.

Loan Level: CZFS has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: CZFS's Loans to Deposits ratio (87%) is appropriate.

Level of Bad Loans: CZFS has an appropriate level of bad loans (0.9%).


Next Steps

Dividend

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

3.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CZFS's dividend (3.32%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: CZFS's dividend (3.32%) is low compared to the top 25% of dividend payers in the US market (3.85%).


Stability and Growth of Payments

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 (29.3%), CZFS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CZFS's dividends in 3 years are forecast to be well covered by earnings (28.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.5yrs

Average management tenure


CEO

Randy Black (53 yo)

16.75yrs

Tenure

US$772,862

Compensation

Mr. Randall E. Black, also known as Randy, serves as Director at Federal Reserve Bank of Philadelphia. He has been the President of Citizens Financial Services Inc. and its subsidiary First Citizens Commun...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD772.86K) is about average for companies of similar size in the US market ($USD996.42K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Randall Black
CEO, President & Director16.75yrsUS$772.86k0.90%
$ 1.9m
Stephen Guillaume
Senior VP & CFO1.17yrsUS$144.10k0.048%
$ 105.4k
Mickey Jones
Executive VP0.92yrUS$472.63k0.34%
$ 747.8k
Kathleen Campbell
Senior VPno datano data0.13%
$ 275.2k
Cynthia Pazzaglia
Senior Vice President of Human Resourcesno datano datano data
Robert Mosso
Senior VP & Wealth Management Division Manager of First Citizens Community Bankno datano data0.025%
$ 53.4k
Marina Smalanaskas
Senior VP & Southcentral Market Executive1.08yrsno datano data
McKinney Sean
Senior Vice President & Senior Lender0.17yrno datano data
Jeffrey Wilson
Executive VP & Chief Lending Officer of First Citizens Community Bank11yrsUS$268.89k0.15%
$ 319.6k
Jeffrey Carr
Senior VP & Chief Retail Banking Officer of First Citizens Community Bank8.5yrsUS$178.48k0.049%
$ 106.0k

8.5yrs

Average Tenure

53yo

Average Age

Experienced Management: CZFS's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Randall Black
CEO, President & Director16.75yrsUS$772.86k0.90%
$ 1.9m
Mickey Jones
Executive VP0.92yrUS$472.63k0.34%
$ 747.8k
R. Coolidge
Chairman of the Board23yrsUS$68.30k5.79%
$ 12.6m
Edward Kosa
Independent Director20yrsUS$52.40k0.13%
$ 293.0k
Robert Landy
Independent Vice Chairman of the Board1.75yrsUS$54.20k0.57%
$ 1.2m
Roger Graham
Independent Director20yrsUS$52.38k1.28%
$ 2.8m
David Richards
Director3.08yrsUS$358.89k0.046%
$ 100.6k
Rinaldo DePaola
Lead Independent Director2.58yrsUS$50.62k0.36%
$ 783.4k
Robert Chappell
Independent Director14.75yrsUS$48.61k0.22%
$ 470.9k
Thomas Freeman
Independent Director11yrsUS$48.11k0.33%
$ 716.7k
Alletta Schadler
Independent Director5.08yrsUS$53.25k0.43%
$ 929.7k
Christopher Kunes
Independent Director2.08yrsUS$47.72k0.20%
$ 429.2k

8.0yrs

Average Tenure

62yo

Average Age

Experienced Board: CZFS's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CZFS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.2%.


Top Shareholders

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$217.663m
  • Shares outstanding: 3.92m
  • 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 Analysis2021/01/25 23:12
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.