Citizens (NASDAQ:CIZN) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Citizens (NASDAQ:CIZN) in a research report released on Monday morning. The brokerage issued a sell rating on the bank’s stock.

Citizens Price Performance

Shares of NASDAQ:CIZN opened at $7.83 on Monday. The stock’s 50-day moving average is $7.78 and its 200 day moving average is $8.64. The company has a market cap of $44.08 million and a PE ratio of 23.73. Citizens has a 1 year low of $6.64 and a 1 year high of $12.87.

Citizens (NASDAQ:CIZN) last issued its quarterly earnings data on Friday, January 26th. The bank reported ($0.14) earnings per share for the quarter. Citizens had a return on equity of 4.68% and a net margin of 3.09%. The business had revenue of $10.26 million during the quarter.

Citizens Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.64 annualized dividend and a yield of 8.17%. Citizens’s payout ratio is 193.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CIZN. UBS Group AG raised its holdings in Citizens by 105.7% in the third quarter. UBS Group AG now owns 1,868 shares of the bank’s stock worth $29,000 after purchasing an additional 960 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Citizens by 9.4% in the 1st 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 in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Citizens in the 3rd quarter worth about $168,000. Jane Street Group LLC purchased a new position in Citizens during the 3rd quarter valued at about $196,000. Finally, State Street Corp bought a new stake in Citizens during the first quarter worth about $207,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

About Citizens

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.