Citizens (NASDAQ:CIZN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Citizens (NASDAQ:CIZN) in a research note released on Wednesday. The brokerage issued a sell rating on the bank’s stock.

Citizens Price Performance

CIZN stock opened at $7.76 on Wednesday. Citizens has a twelve month low of $6.64 and a twelve month high of $12.87. The firm has a market cap of $43.68 million and a price-to-earnings ratio of 12.13. The business’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $8.47.

Citizens (NASDAQ:CIZN) last posted 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were issued a $0.16 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.64 annualized dividend and a dividend yield of 8.25%. Citizens’s dividend payout ratio is currently 100.00%.

Hedge Funds Weigh In On Citizens

An institutional investor recently bought a new position in Citizens stock. Commonwealth Equity Services LLC purchased a new stake in Citizens Holding (NASDAQ:CIZN) during the third quarter, according to its most recent filing with the SEC. The firm purchased 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 quarter. 9.74% of the stock is currently owned by institutional investors.

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.