David Z. Richards Jr., the Executive Vice President of Citizens Financial Services Inc . (NASDAQ:OTC:CZFS), recently sold 121 shares of the company's common stock. The transaction, which took place on November 20, 2024, was executed at a price of $69.50 per share, amounting to a total sale of $8,409. Following this transaction, Richards holds approximately 1,456.62 shares directly. The sale was documented in a filing submitted to the Securities and Exchange Commission.
InvestingPro Insights
While David Z. Richards Jr.'s recent stock sale might raise eyebrows, a closer look at Citizens Financial (NYSE:CFG) Services Inc. (NASDAQ:CZFS) reveals a company with strong fundamentals and positive market performance. According to InvestingPro data, CZFS boasts a market capitalization of $327.99 million and trades at an attractive P/E ratio of 12.18, suggesting the stock may be undervalued relative to its earnings potential.
The company's financial health is further underscored by its revenue growth of 19.13% over the last twelve months, indicating robust business expansion. This growth is particularly noteworthy given the challenging economic environment many financial institutions face.
InvestingPro Tips highlight that CZFS has maintained dividend payments for an impressive 32 consecutive years, a testament to its financial stability and commitment to shareholder returns. The current dividend yield stands at 2.84%, offering investors a steady income stream. Additionally, the stock has shown strong returns over the last three and six months, with total price returns of 44.93% and 66.6% respectively, signaling positive investor sentiment and momentum.
These insights suggest that despite the insider sale, CZFS continues to demonstrate solid financial performance and market appeal. Investors seeking more comprehensive analysis can access additional InvestingPro Tips, with 8 more tips available on the InvestingPro platform for a deeper understanding of CZFS's investment potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.