Citizens financial services director John Painter buys $6,600 in stock

John P. Painter II, a director at Citizens Financial Services (OTC:CZFS) Inc. (NASDAQ:CZFS), recently purchased 110 shares of the company’s common stock. The shares were acquired at a price of $60 each, amounting to a total transaction value of $6,600. The regional bank, currently valued at $288 million, trades at an attractive P/E ratio of 10.7x and offers a 3.24% dividend yield. Following this transaction, Painter’s total shareholding in the company stands at approximately 2,088 shares. The transaction was executed on February 3, 2025, and was filed with the SEC on February 4, 2025. InvestingPro analysis suggests the stock is slightly undervalued, with shares up 29% over the past six months. InvestingPro subscribers have access to 7 additional key insights about CZFS.

In other recent news, Citizens Financial Services Inc . has secured change in control agreements with two key executives, Senior Executive Vice President David Z. Richards, Jr., and Chief Financial Officer Stephen J. Guillaume. The agreements, which come into effect in the event of a significant corporate transition, provide certain compensatory benefits to the executives if their employment is terminated in connection with a change in control of the company. This strategic move is common practice among corporations to retain and reassure top executives during periods of uncertainty associated with mergers, acquisitions, or other control-changing events.

In more recent developments, Citizens Financial Services Inc. has announced its 2025 annual meeting of shareholders, scheduled for April 15, 2025. The announcement was made through an 8-K filing with the Securities and Exchange Commission. However, the filing did not provide additional information regarding the agenda or proposals that may be presented at the meeting. Shareholders and other interested parties will likely receive further details about the annual meeting’s agenda and any shareholder proposals closer to the meeting date in 2025.

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