CZFS
Citizens Financial Services, Inc.Financial Services·Banks - Regional
$65.03
$312M market cap
Revenue
$88.3M
Free Cash Flow
$33.0M
Rev Growth
+0.0%
FCF Margin
37.3%
P/FCF
9.5x
EV/FCF
11.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Citizens Financial Services, Inc. operates as the bank 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. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer lo
2-Year Price History
$63.60+57.9%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 43.8 | 12.7 | 12.7 | 10.4 | 18.0 | 17.9 | -0.1 | 133.9 | 198.7 | 4.8 | 13.3% | 0.9x | -- |
| Act | 2025-Q4 | 44.5 | 12.9 | 12.9 | 10.5 | 16.7 | 15.1 | -1.7 | 74.2 | 309.5 | 4.8 | 10.0% | 0.9x | -- |
Valuation & Metrics
Market Stats
Price$65.03
Market Cap$312M
Enterprise Value$377M
P/S Ratio3.5x
P/FCF9.5x
EV/FCF11.4x
FCF Margin (TTM)37.3%
FCF Yield10.5%
Dividend Yield (TTM)3.8%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$88.3M
Net Income$20.9M
Free Cash Flow$33.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin29.1%
Net Margin23.6%
FCF Margin37.3%
CapEx % of Revenue2.0%
SBC % of Revenue0.0%
ROIC11.6%
WC Change % Rev0.4%
Interest Coverage0.9x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover5.9
Change (vs Prior)-0.1%
Need at least 2 settlement dates for chart
Employees
Headcount379
Revenue / Employee$232,852
Gross Profit / Employee$153,422
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
10.5%(-7.2% YoY)
76 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
17.0%(+1.7% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.2% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $20.3M | $55.54 | −$282K | +$342K | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $12.3M | $61.15 | +$12.3M | +$12.3M | — | $4.04T |
| CITIZENS & NORTHERN CORP | $7.2M | $59.92 | +$0 | +$70K | -0.3% | $401M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $6.9M | $64.82 | +$98K | +$477K | +2.3% | $1.61T |
| STATE STREET CORPPassive | $5.7M | $62.72 | −$349K | +$124K | -0.2% | $2.89T |
| AMERICAN CENTURY COMPANIES INC | $2.7M | $60.49 | +$997K | +$993K | +0.7% | $193.48B |
| Hudock Capital Group, LLC | $2.5M | $59.88 | +$53K | +$10K | +0.1% | $680M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2.3M | $66.86 | −$85K | +$77K | +0.7% | $645.81B |
| NORTHERN TRUST CORPPassive | $2.3M | $65.30 | +$125K | −$145K | -0.2% | $755.34B |
| VANGUARD FIDUCIARY TRUST COPassive | $1.9M | $61.15 | +$1.9M | +$1.9M | — | $395.83B |
| DIMENSIONAL FUND ADVISORS LPPassive | $1.7M | $55.74 | +$252K | +$690K | -0.4% | $480.92B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $1.6M | $61.15 | +$1.6M | +$1.6M | — | $1.91T |
| SEGALL BRYANT & HAMILL, LLC | $1.3M | $57.26 | +$278K | +$570K | -0.1% | $8.06B |
| De Lisle Partners LLP | $1.3M | $48.84 | +$153K | +$275K | -0.7% | $836M |
| MARSHALL WACE, LLP | $1.1M | $59.27 | +$659K | +$1.1M | +0.6% | $92.71B |
| GOLDMAN SACHS GROUP INC | $1.1M | $59.77 | +$560K | +$624K | -0.2% | $760.93B |
| Cyndeo Wealth Partners, LLC | $996K | $56.57 | +$7K | +$996K | -0.4% | $1.90B |
| Bank of New York Mellon Corp | $946K | $60.05 | −$256K | +$156K | -0.2% | $543.21B |
| Quantinno Capital Management LP | $847K | $58.13 | +$222K | +$847K | -0.4% | $59.83B |
| MORGAN STANLEY | $782K | $59.53 | +$391K | +$253K | -0.3% | $1.65T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.13%
avg per quarter
Holders (ex-self)
+0.14%
excl. this stock
Buyers (this Q)
+0.12%
39 buyers · $0.02B in
Sellers (this Q)
-0.33%
28 sellers · $0.00B out
alpha coverage: 81% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-22.2%
how holders react when this stock falls
On quiet Qs
+4.2%
−10% to +10% baseline
On rallies (+10%+)
-18.1%
how they react when this stock rises
Holders' portfolio flow this Q
+1.8%
inflows — adds are organic
Sellers' portfolio flow this Q
+29.0%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.6%
Holder mid (any stock)
-1.5%
Holder rally (any stock)
-3.3%
Biggest decreases this quarter
Minerva Advisors LLCexited−$449KO'SHAUGHNESSY ASSET MANAGEMENT, LLCexited−$402KSTATE STREET CORP−$349Kα-0.2BlackRock, Inc.−$282Kα-0.2Bank of New York Mellon Corp−$256Kα-0.2JANE STREET GROUP, LLCexited−$227KCHARLES SCHWAB INVESTMENT MANAGEMENT INC−$85Kα+0.7GREAT LAKES ADVISORS, LLC−$66Kα+0.1Trexquant Investment LP−$44Kα-0.2AMALGAMATED BANKexited−$8K
New buyers this quarter
Top-5 holders · 61.2%
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
CITIZENS & NORTHERN CORP--
GEODE CAPITAL MANAGEMENT, LLC--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Nuveen, LLC7KCITIZENS & NORTHERN CORP117KFourthstone LLC—Hudock Capital Group, LLC41KTerrapin Asset Management, LLC—ALLIANCEBERNSTEIN L.P.—AMERICAN CENTURY COMPANIES INC44KJFS WEALTH ADVISORS, LLC—CHARLES SCHWAB INVESTMENT MANAGEMENT INC38KFMR LLC374
Analyst Coverage
Analyst Coverage
Analyst Ratings
2
Buy: 2Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$80K
8 txns · 3 insiders · 1,372 sh
Sells ($, 12mo)
$183K
3 txns · 2 insiders · 3,047 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-12 | BUY | Painter John P II | director | 140 | $63.67 | $9K | $233K |
| 2026-03-06 | BUY | Painter John P II | director | 675 | $61.00 | $41K | $208K |
| 2026-02-27 | BUY | Guillaume Stephen J | officer: SENIOR VICE PRESIDENT | 13 | $57.06 | $742 | $266K |
| 2025-11-28 | BUY | Guillaume Stephen J | officer: SENIOR VICE PRESIDENT | 16 | $53.10 | $850 | $243K |
| 2025-11-04 | BUY | BLACK RANDALL E | director, officer: CEO & PRESIDENT | 22 | $54.25 | $1K | $2.39M |
| 2025-11-03 | BUY | BLACK RANDALL E | director, officer: CEO & PRESIDENT | 478 | $54.10 | $26K | $2.38M |
| 2025-08-31 | BUY | Guillaume Stephen J | officer: SENIOR VICE PRESIDENT | 13 | $56.96 | $740 | $258K |
| 2025-08-22 | SELL | Freeman Thomas E. | director | 3,000 | $60.00 | $180K | $754K |
| 2025-07-08 | SELL | Gephart LeeAnn | officer: EXECUTIVE VICE PRESIDENT | 14 | $59.64 | $835 | $43K |
| 2025-06-24 | SELL | Gephart LeeAnn | officer: EXECUTIVE VICE PRESIDENT | 33 | $59.58 | $2K | $43K |
| 2025-05-30 | BUY | Guillaume Stephen J | officer: EXECUTIVE VICE PRESIDENT | 15 | $58.09 | $871 | $259K |
Order Flow (FINRA, ~3w lag)
17.6%retail+10.4pp
12.8%dark+1.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Citizens Financial Services Inc: Institutional Reporting Shell Lacks Substantive Disclosures
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10