Citizens Financial Services Inc (CZFS) stock analysis
Close on Nov 13, 2026Market cap $409.56MP/E 9.5Yield 2.33%
StockData Score
Prices as of Nov 13, 2026How the score works
Solid17 of 30 checks passed
Citizens Financial Services passes 17 of the 30 checks behind our score; 5 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 4/6
- Growth
- 1/6
- Past performance
- 5/6
- Financial health
- 3/6
- Dividend
- 4/6
What stands out
Trading below fair value
The share price of $85.15 is below our fair value estimate of $90.64.
Earnings grew over 5 years
Net income grew 7.8% a year on average over the last five fiscal years.
Earnings growth accelerating
Net income grew 26.1% over the last twelve months, against a 5-year average of 7.8% a year.
P/E below its 5-year median
Citizens Financial Services's P/E of 9.5 is below its own 5-year median of 9.9.
What to watch
Margin of safety under 20%
The price is 6.1% below fair value, less than the 20% cushion we look for.
Return on equity under 15%
Return on equity was 12.7% over the last twelve months and averaged 11.4% over five years; we look for 15% on both.
Revenue growing under 10% a year
Revenue grew 4.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 2.0% a year over the last three fiscal years.
Valuation4/6
P/E below its 5-year median
Citizens Financial Services's P/E of 9.5 is below its own 5-year median of 9.9.
P/E below the industry
Citizens Financial Services's P/E of 9.5 is below the Commercial Banks median of 12.1.
P/S above the industry
Citizens Financial Services's price-to-sales of 41.77 is above the Commercial Banks median of 3.60.
P/B below the industry
Citizens Financial Services's price-to-book of 1.17 is below the Commercial Banks median of 1.28.
Trading below fair value
The share price of $85.15 is below our fair value estimate of $90.64.
Margin of safety under 20%
The price is 6.1% below fair value, less than the 20% cushion we look for.
Growth1/6
Revenue growing under 10% a year
Revenue grew 4.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 2.0% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 26.1% over the last twelve months, against a 5-year average of 7.8% a year.
Growing slower than the industry
Revenue grew -0.7% over the last twelve months; the Commercial Banks median is 11.3%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
Banks and insurers do not report gross profit.
Past performance5/6
Return on equity under 15%
Return on equity was 12.7% over the last twelve months and averaged 11.4% over five years; we look for 15% on both.
Return on assets over 1%
Return on assets was 1.3%; for a bank or insurer, 1% or more is considered good.
Return on equity above the industry
Citizens Financial Services's return on equity of 12.7% is above the Commercial Banks median of 11.6%.
Earnings grew over 5 years
Net income grew 7.8% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 438% over the last twelve months, against a 5-year average of 315%.
Net margin above the industry
Citizens Financial Services's net margin of 438% is above the Commercial Banks median of 30.3%.
Financial health3/6
Well capitalized
Equity is 10.3% of total assets; 8% or more is a comfortable cushion.
Loans funded by deposits
Needs loans and deposits.
Adequate loan-loss reserve
The allowance for credit losses is not reported.
Efficient operations
Non-interest expense takes 55.2% of revenue; under 60% is efficient for a bank.
Deposits growing
Deposits grew 4.1% over the past year.
Borrowings
Needs debt and equity figures.
Dividend4/6
Pays a dividend
Citizens Financial Services paid dividends worth 2.4% of the share price over the last twelve months.
Yield below Treasuries
The 2.4% yield is below the 4.7% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Citizens Financial Services yields 2.4%.
Dividend not cut
The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.
Covered by earnings
Dividends take 22.6% of net income.
Covered by free cash flow
Dividends take 24.8% of free cash flow.
Fair value
How we estimate itOur estimate per share
$90.64
The share price is 6% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 11.0× | 9.9× | 12.1× | $98.13 | 50% |
| P/B | 1.1× | 1.0× | 1.3× | $83.16 | 50% |
| Fair value | $90.64 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 9.9
- Commercial Banks median 12.1
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $3.00M
- Value traded per 1% price move
- $2.57M
Downside
Low risk
- Typical loss in a bad month
- 7.8%
- Volatility (annualized)
- 32%
- Sharpe ratio, 1 year
- 1.46
- Beta to the S&P 500 (5Y)
- 0.59
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.8% | +4.8% | +8.2% | -12.7% | |
| Net income | +31.5% | +8.0% | +7.8% | +12.1% | |
| EPS, diluted | +31.6% | +2.0% | +3.4% | +7.8% | |
| Free cash flow | +10.6% | +3.7% | +26.5% | +11.3% | |
| Dividend per share | +2.5% | +2.1% | +1.0% | +2.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 10.4% | 14.4% | 11.5% | |
| Return on assets | 1.1% | 1.5% | 1.2% | |
| Capex to revenue | 1.3% | 14.1% | 13.1% | |
| Diluted shares | 4M | 4M | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Citizens Financial Services generated $168.19M from operations and spent $53.77M on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 370.1% | 0.00× | 9.55× | 11.5% |
| FY2024 | 289.5% | 0.00× | 10.36× | 9.6% |
| FY2023 | 198.5% | 0.00× | 11.06× | 7.4% |
| FY2022 | 338.4% | 0.00× | 10.85× | 14.1% |
| FY2021 | 376.3% | 0.00× | 9.92× | 14.3% |
| FY2020 | 376.9% | 0.00× | 9.62× | 14.4% |
| FY2019 | 281.4% | 0.00× | 9.85× | 13.3% |
| FY2018 | 276.9% | 0.00× | 10.41× | 13.4% |
| FY2017 | 25.6% | 0.04× | 10.25× | 10.3% |
| FY2016 | 27.6% | 0.04× | 9.82× | 10.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$36.57M
- Cash generatingOperating cash flow above zero$36.53M
- Return on assets improvedROA up on the prior year0.9% → 1.2%
- Earnings backed by cashOperating cash flow above net income$36.53M vs $36.57M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise5M → 5M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.00 → 0.00
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