A Business at a Glance
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CITIZENS FINANCIAL SERVICES INC
CZFS
$359M
Mkt Cap
$74.88
+4.73%
CITIZENS FINANCIAL SERVICES INC (CZFS) has a current P/E ratio of 12.8, compared to its historical median P/E of 9.4. The stock is currently considered Expensive based on its historical valuation range.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a 5-year average return on invested capital (ROIC) of 11.0%. This indicates solid capital allocation.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a market capitalization of $394M. It is classified as a small-cap stock.
Yes, CITIZENS FINANCIAL SERVICES INC (CZFS) pays a dividend with a trailing twelve-month yield of 2.44%. The company also returns capital through share buybacks, with a buyback yield of 0.12%.
Based on historical P/E analysis, CITIZENS FINANCIAL SERVICES INC (CZFS) appears expensive. The current P/E of 12.8 is 36% above its historical median of 9.4. The estimated fair value CAGR (P/E method) is -0.7%.
CITIZENS FINANCIAL SERVICES INC (CZFS) operates in the State Commercial Banks industry, within the Financials sector.
CITIZENS FINANCIAL SERVICES, INC. Citizens Financial Services, Inc. (the “Company”), a Pennsylvania corporation, was incorporated on April 30, 1984 to be the holding company for First Citizens Community Bank (the “Bank”), a Pennsylvania-chartered bank and trust company. During 2020, CZFS Acquisition Company, LLC (“CZFS”) was formed as a wholly owned subsidiary of the Company, and subsequently the Company’s interest in the Bank was transferred to CZFS to facilitate the merger with MidCoast Community Bancorp, Inc. (“MidCoast”) and its wholly owned subsidiary, MidCoast Community Bank (“MC Bank”), which was completed on April 17, 2020. During 2024, the Company terminated the corporate existence of CZFS and the interest in the Bank was transferred back to the Company. On June 16, 2023, the Company acquired HV Bancorp, Inc. (“HVBC”) and its wholly owned subsidiary, Huntingdon Valley Bank (“HVB”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 116M | 174M | 170M | 139M | 93M | 86M |
| Net Income | 39M | 37M | 28M | 18M | 29M | 29M |
| EPS | $7.48 | $7.62 | $5.79 | $3.98 | $7.17 | $7.10 |
| Free Cash Flow | 43M | 35M | 32M | 24M | 32M | 38M |
| ROIC | 11.4% | 11.5% | 9.0% | 6.9% | 13.8% | 13.7% |
| Gross Margin | - | 71.5% | 67.6% | 76.5% | 86.1% | 89.9% |
| Debt/Equity | 0.58 | 0.92 | 0.99 | 1.15 | 0.94 | 0.35 |
| Dividends/Share | $1.83 | $1.98 | $1.93 | $1.90 | $1.86 | $1.79 |
| Operating Income | 1.7M | 45M | 34M | 22M | 35M | 35M |
| Operating Margin | 1.4% | 26.1% | 20.0% | 15.6% | 38.1% | 41.3% |
| ROE | 11.4% | 11.5% | 9.6% | 7.4% | 14.1% | 13.7% |
| Shares Outstanding | 5M | 5M | 5M | 4M | 4M | 4M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 43M | 43M | 51M | 57M | 64M | 70M | 82M | 86M | 93M | 139M | 170M | 174M | 116M |
| Gross Margin | 87.0% | 87.7% | 87.1% | 85.2% | 82.2% | 80.5% | 87.1% | 89.9% | 86.1% | 76.5% | 67.6% | 71.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 12M | 13M | 17M | 18M | 19M | 20M | 24M | 26M | 28M | 35M | 39M | 39M | 39M |
| EBIT | 17M | 14M | 16M | 19M | 21M | 23M | 2.0M | 35M | 35M | 22M | 34M | 45M | 1.7M |
| Op. Margin | 39.7% | 33.3% | 30.8% | 33.6% | 33.2% | 33.1% | 2.4% | 41.3% | 38.1% | 15.6% | 20.0% | 26.1% | 1.4% |
| Net Income | 13M | 12M | 13M | 13M | 18M | 19M | 25M | 29M | 29M | 18M | 28M | 37M | 39M |
| Net Margin | 31.4% | 27.0% | 24.8% | 23.0% | 28.0% | 27.7% | 30.7% | 34.0% | 31.2% | 12.8% | 16.4% | 21.1% | 34.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 13.4% | 10.0% | 10.2% | 10.3% | 13.4% | 12.8% | 13.2% | 13.7% | 13.8% | 6.9% | 9.0% | 11.5% | 11.4% |
| ROE | 13.9% | 10.6% | 10.4% | 10.3% | 13.4% | 13.3% | 14.4% | 13.7% | 14.1% | 7.4% | 9.6% | 11.5% | 11.4% |
| ROA | 1.5% | 1.1% | 1.1% | 1.0% | 1.3% | 1.3% | 1.5% | 1.4% | 1.3% | 0.7% | 0.9% | 1.2% | 1.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 16M | 13M | 16M | 16M | 21M | 22M | 12M | 39M | 33M | 27M | 33M | 37M | 44M |
| Free Cash Flow | 15M | 12M | 16M | 16M | 21M | 21M | 11M | 38M | 32M | 24M | 32M | 35M | 43M |
| Owner Earnings | 15M | 12M | 15M | 14M | 20M | 20M | 10M | 37M | 32M | 24M | 31M | 34M | 24M |
| CapEx | 1.3M | 776K | 587K | 208K | 500K | 483K | 942K | 1.1M | 1.6M | 2.6M | 1.3M | 1.3M | 836K |
| Maint. CapEx | 537K | 764K | 1.3M | 1.3M | 1.2M | 1.2M | 1.3M | 1.1M | 1.3M | 1.8M | 2.1M | 2.4M | 19M |
| Growth CapEx | 772K | 12K | 0 | 0 | 0 | 0 | 0 | 0 | 296K | 796K | 0 | 0 | 0 |
| D&A | 537K | 764K | 1.3M | 1.3M | 1.2M | 1.2M | 1.3M | 1.1M | 1.3M | 1.8M | 2.1M | 2.4M | 19M |
| CapEx/OCF | 8.1% | 6.1% | 3.6% | 1.3% | 2.3% | 2.2% | 8.0% | 2.9% | 4.9% | 9.9% | 4.0% | N/A | 1.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 6.1M | 5.2M | 5.1M | 5.2M | 6.1M | 6.3M | 6.5M | 7.4M | 7.6M | 8.5M | 9.3M | 9.5M | 9.6M |
| Dividend Yield | 5.7% | 4.7% | 4.1% | 3.6% | 3.6% | 3.7% | 4.0% | 3.6% | 3.1% | 3.0% | 3.9% | N/A | 2.4% |
| Share Buybacks | 814K | 2.5M | 3.2M | 979K | 1.2M | 1.3M | 2.1M | 1.4M | 1.3M | 265K | 202K | 358K | 459K |
| Buyback Yield | 0.7% | 2.3% | 2.4% | 0.6% | 0.7% | 0.7% | 1.3% | 0.7% | 0.5% | 0.1% | 0.1% | 0.0% | 0.1% |
| Stock-Based Comp | 200K | 179K | 284K | 278K | 308K | 369K | 473K | 614K | 336K | 309K | 412K | 625K | 625K |
| Debt Repayment | 4.2M | 700K | 534K | 2.0M | 1.0M | 3.1M | 15M | 27M | 4.7M | 0 | 35M | 42M | 42M |
| Balance Sheet | |||||||||||||
| Net Debt | -274M | -340M | -249M | -159M | -167M | -174M | -275M | -511M | -278M | -148M | -170M | -170M | -283M |
| Cash & Equiv. | 11M | 24M | 18M | 19M | 17M | 19M | 69M | 173M | 26M | 53M | 42M | 34M | 481M |
| Long-Term Debt | 6.8M | 5.3M | 543K | 9K | 10K | 10M | 20M | N/A | 0 | 40M | 0 | 0 | N/A |
| Debt/Equity | 0.42 | 0.35 | 0.65 | 0.89 | 0.65 | 0.55 | 0.46 | 0.35 | 0.94 | 1.15 | 0.99 | 0.92 | 0.58 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Equity | 101M | 120M | 123M | 129M | 139M | 155M | 194M | 212M | 200M | 280M | 300M | 338M | 344M |
| Total Assets | 925M | 1.2B | 1.2B | 1.4B | 1.4B | 1.5B | 1.9B | 2.1B | 2.3B | 3.0B | 3.0B | 3.1B | 3.0B |
| Total Liabilities | 825M | 1.0B | 1.1B | 1.2B | 1.3B | 1.3B | 1.7B | 1.9B | 2.1B | 2.7B | 2.7B | 2.7B | 2.7B |
| Intangibles | 473K | 2.4M | 2.1M | 2.0M | 1.6M | 1.3M | 1.7M | 1.6M | 1.3M | 3.6M | 2.9M | 2.2M | 2.1M |
| Retained Earnings | 80M | 86M | 91M | 90M | 100M | 111M | 127M | 146M | 165M | 173M | 189M | 214M | 222M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 4.36 | 3.60 | 3.57 | 3.67 | 5.04 | 5.41 | 6.46 | 7.10 | 7.17 | 3.98 | 5.79 | 7.62 | 7.48 |
| Owner EPS | 5.03 | 3.67 | 4.14 | 4.00 | 5.57 | 5.60 | 2.58 | 9.01 | 7.79 | 5.45 | 6.38 | 6.99 | 4.51 |
| Book Value | 32.75 | 37.08 | 34.82 | 36.35 | 38.91 | 42.96 | 49.99 | 51.78 | 49.38 | 62.49 | 62.39 | 70.43 | 65.37 |
| Cash Flow/Share | 5.27 | 3.97 | 4.57 | 4.43 | 6.00 | 6.04 | 3.04 | 9.43 | 8.20 | 5.93 | 6.91 | 7.61 | 11.15 |
| Dividends/Share | 2.15 | 1.63 | 1.57 | 1.64 | 1.71 | 1.74 | 1.88 | 1.79 | 1.86 | 1.90 | 1.93 | 1.98 | 1.83 |
| Shares Out. | 3.1M | 3.2M | 3.5M | 3.5M | 3.6M | 3.6M | 3.9M | 4.1M | 4.1M | 4.5M | 4.8M | 4.8M | 5.3M |
| Valuation | |||||||||||||
| P/E Ratio | 8.6 | 9.2 | 10.7 | 13.0 | 8.7 | 9.2 | 6.6 | 7.2 | 9.4 | 14.9 | 10.6 | N/A | 10.0 |
| P/FCF | 7.5 | 9.0 | 8.4 | 10.7 | 7.3 | 8.2 | 14.9 | 5.6 | 8.7 | 11.2 | 9.3 | N/A | 9.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 67.1 |
| Price/Book | 1.1 | 0.9 | 1.1 | 1.3 | 1.1 | 1.2 | 0.9 | 1.0 | 1.4 | 1.0 | 1.0 | N/A | 1.1 |
| Price/Sales | 2.9 | 2.8 | 2.8 | 2.9 | N/A | N/A | 2.2 | 2.6 | 3.0 | 3.0 | 2.3 | N/A | 3.4 |
| FCF Yield | 12.9% | 11.3% | 11.6% | 9.2% | 13.4% | 11.9% | 6.6% | 18.0% | 11.5% | 9.0% | 10.8% | N/A | 10.9% |
| Market Cap | 116M | 107M | 135M | 169M | 157M | 179M | 166M | 208M | 274M | 266M | 295M | 0 | 394M |
| Avg. Price | 34.87 | 33.86 | 35.02 | 40.80 | 47.52 | 46.76 | 41.64 | 50.53 | 59.92 | 62.70 | 49.75 | 0.00 | 74.88 |
| Year-End Price | 36.52 | 33.51 | 36.84 | 46.61 | 42.97 | 48.67 | 41.83 | 51.26 | 67.74 | 60.01 | 61.94 | 0.00 | 74.88 |
CITIZENS FINANCIAL SERVICES INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
CITIZENS FINANCIAL SERVICES INC trades at 12.8x trailing earnings, compared to its 15-year median P/E of 9.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 11.2x vs a median of 8.7x. The company's 5-year average ROIC is 11.0% with a gross margin of 78.3%. Total shareholder yield (dividends + buybacks) is 2.6%. At current prices, the estimated annualized return to fair value is +5.4%.
CITIZENS FINANCIAL SERVICES INC (CZFS) reported annual revenue of $174 million in its most recent fiscal year, based on SEC EDGAR filings.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a net profit margin of 21.1%. This is a strong margin indicating high profitability.
CITIZENS FINANCIAL SERVICES INC (CZFS) generated $35 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a debt-to-equity ratio of 0.92. This indicates moderate leverage.
CITIZENS FINANCIAL SERVICES INC (CZFS) reported earnings per share (EPS) of $7.62 in its most recent fiscal year.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a return on equity (ROE) of 11.5%. This indicates moderate shareholder returns.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a 5-year average gross margin of 78.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for CITIZENS FINANCIAL SERVICES INC (CZFS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CITIZENS FINANCIAL SERVICES INC (CZFS) has a book value per share of $70.43, based on its most recent annual SEC filing.
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