Citizens (NYSE:CIA) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Citizens (NYSE:CIA) issued its quarterly earnings results on Thursday. The insurance provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03, Zacks reports. Citizens had a return on equity of 6.54% and a net margin of 4.40%.The firm had revenue of $72.07 million during the quarter, compared to the consensus estimate of $67.89 million.

Citizens Trading Down 3.8%

CIA stock traded down $0.19 during mid-day trading on Friday, hitting $4.72. 114,026 shares of the company were exchanged, compared to its average volume of 101,860. The firm has a fifty day simple moving average of $5.49 and a 200 day simple moving average of $5.49. The company has a market capitalization of $236.88 million, a PE ratio of 22.45 and a beta of 0.43. Citizens has a twelve month low of $2.90 and a twelve month high of $6.40.

Hedge Funds Weigh In On Citizens

Several large investors have recently modified their holdings of CIA. Bank of America Corp DE increased its holdings in Citizens by 3,686.7% in the second quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock valued at $51,000 after buying an additional 14,157 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Citizens by 92.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock worth $56,000 after buying an additional 5,141 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Citizens in the 3rd quarter worth approximately $57,000. The Manufacturers Life Insurance Company acquired a new position in shares of Citizens in the 2nd quarter worth approximately $63,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Citizens in the 4th quarter valued at approximately $84,000. Institutional investors own 13.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Citizens in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Citizens currently has an average rating of “Hold”.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.