Citizens (NASDAQ:CIZN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Citizens (NASDAQ:CIZN) in a report issued on Tuesday. The firm issued a sell rating on the bank’s stock.

Citizens Stock Down 0.5 %

Citizens stock opened at $7.85 on Tuesday. The firm has a fifty day moving average of $7.78 and a 200-day moving average of $8.56. Citizens has a 52-week low of $6.64 and a 52-week high of $12.87. The firm has a market capitalization of $44.17 million and a P/E ratio of 12.26.

Citizens (NASDAQ:CIZN) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $0.51 earnings per share for the quarter. Citizens had a net margin of 5.28% and a return on equity of 9.16%. The firm had revenue of $13.63 million during the quarter.

Citizens Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date was Wednesday, March 13th. Citizens’s dividend payout ratio is presently 100.00%.

Institutional Trading of Citizens

A hedge fund recently bought a new stake in Citizens stock. Commonwealth Equity Services LLC purchased a new stake in shares of Citizens Holding (NASDAQ:CIZN) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 15,999 shares of the bank’s stock, valued at approximately $168,000. Commonwealth Equity Services LLC owned approximately 0.29% of Citizens at the end of the most recent quarter. 9.74% of the stock is currently owned by institutional investors.

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.