Citizens (NASDAQ:CIZN) Issues Earnings Results

Citizens (NASDAQ:CIZN) issued its quarterly earnings data on Thursday. The bank reported $0.51 EPS for the quarter, reports. The firm had revenue of $13.63 million for the quarter. Citizens had a net margin of 3.09% and a return on equity of 4.68%.

Citizens Price Performance

Citizens stock opened at $7.89 on Friday. Citizens has a 12-month low of $6.64 and a 12-month high of $12.87. The stock has a market capitalization of $44.41 million and a P/E ratio of 23.91. The firm’s 50-day moving average is $7.78 and its two-hundred day moving average is $8.62.

Citizens Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.64 annualized dividend and a dividend yield of 8.11%. Citizens’s dividend payout ratio is currently 193.94%.

Institutional Investors Weigh In On Citizens

Hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new stake in shares of Citizens during the 3rd quarter worth about $168,000. Vanguard Group Inc. boosted its stake in shares of Citizens by 8.1% during the 3rd quarter. Vanguard Group Inc. now owns 60,453 shares of the bank’s stock worth $635,000 after purchasing an additional 4,537 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Citizens by 4.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 42,101 shares of the bank’s stock worth $516,000 after acquiring an additional 1,897 shares during the last quarter. BlackRock Inc. boosted its position in shares of Citizens by 74.3% in the second quarter. BlackRock Inc. now owns 23,056 shares of the bank’s stock worth $282,000 after acquiring an additional 9,830 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Citizens by 9.4% in the first quarter. Bank of America Corp DE now owns 10,944 shares of the bank’s stock worth $132,000 after acquiring an additional 944 shares during the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Citizens in a research note on Monday, April 15th. They issued a “sell” rating on the stock.

Citizens Company Profile

Citizens Holding Company operates as the bank holding company for The Citizens Bank of Philadelphia that provides various commercial and personal banking products and services. It offers demand deposits; and savings and time deposit accounts. The company also provides secured and unsecured loans; mortgage loans; single and multi-family housing, farm, residential and commercial construction, and commercial real estate loans; commercial, industrial, and agricultural production loans; and consumer loans, as well as issues letters of credit.