Citizens (NASDAQ:CIZN) Receives New Coverage from Analysts at StockNews.com

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

Citizens Price Performance

CIZN opened at $7.86 on Tuesday. The firm has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $8.55. Citizens has a 52 week low of $6.64 and a 52 week high of $12.87. The company has a market capitalization of $44.25 million and a PE ratio of 12.28.

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

Citizens Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 8.14%. The ex-dividend date was Wednesday, March 13th. Citizens’s dividend payout ratio is 100.00%.

Institutional Trading of Citizens

A hedge fund recently bought a new stake in Citizens stock. Commonwealth Equity Services LLC acquired a new position in Citizens Holding (NASDAQ:CIZN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,999 shares of the bank’s stock, valued at approximately $168,000. Commonwealth Equity Services LLC owned 0.29% of Citizens at the end of the most recent reporting period. 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.