John P. Painter II, a director at Citizens Financial Services Inc . (NASDAQ:OTC:CZFS), has made a significant purchase of the company's stock. According to a recent filing, Painter acquired 290 shares of the company's common stock at a price of $56.65 per share, totaling approximately $16,428.
This transaction leaves Painter with a total of 1,904.37 shares in the company. The acquisition was executed on November 4, 2024, and was signed under power of attorney by Gina Marie Boor on behalf of Painter. This move reflects an increased personal investment in Citizens Financial (NYSE:CFG) Services, a state commercial bank headquartered in Mansfield, Pennsylvania.
InvestingPro Insights
John P. Painter II's recent purchase of Citizens Financial Services Inc. (NASDAQ:CZFS) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown strong performance, with a 20.54% price total return over the last three months and an impressive 33.52% return over the past six months. This upward trend suggests growing investor confidence in CZFS's prospects.
InvestingPro Tips reveal that CZFS has maintained dividend payments for 32 consecutive years, demonstrating a commitment to shareholder returns. The current dividend yield stands at 3.45%, which may be attractive to income-focused investors like Painter. Additionally, the company is trading at a low P/E ratio of 10.13 relative to its near-term earnings growth, potentially indicating an undervalued stock.
Despite these positive signals, it's worth noting that CZFS suffers from weak gross profit margins, according to another InvestingPro Tip. However, with a price-to-book ratio of 0.94, the stock may still represent good value for investors like Painter who are increasing their stakes.
For readers interested in a more comprehensive analysis, InvestingPro offers 7 additional tips for CZFS, providing a deeper understanding of the company's financial health and market position.
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