Citizens (NASDAQ:CIZN) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Citizens (NASDAQ:CIZNFree Report) from a hold rating to a sell rating in a research note published on Friday.

Citizens Stock Down 1.1 %

Shares of CIZN opened at $7.80 on Friday. The stock has a market capitalization of $43.76 million, a P/E ratio of 23.64 and a beta of -0.01. The firm has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $9.53. Citizens has a twelve month low of $6.64 and a twelve month high of $16.79.

Citizens Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.64 annualized dividend and a dividend yield of 8.21%. Citizens’s payout ratio is 193.95%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State Street Corp increased its stake in Citizens by 8.7% during the 2nd quarter. State Street Corp now owns 11,681 shares of the bank’s stock valued at $214,000 after purchasing an additional 934 shares in the last quarter. Bank of America Corp DE increased its stake in Citizens by 9.4% during the 1st quarter. Bank of America Corp DE now owns 10,944 shares of the bank’s stock valued at $132,000 after purchasing an additional 944 shares in the last quarter. UBS Group AG increased its stake in Citizens by 105.7% during the 3rd quarter. UBS Group AG now owns 1,868 shares of the bank’s stock valued at $29,000 after purchasing an additional 960 shares in the last quarter. Magnolia Capital Advisors LLC increased its stake in Citizens by 0.5% during the 4th quarter. Magnolia Capital Advisors LLC now owns 203,341 shares of the bank’s stock valued at $2,786,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Citizens by 4.4% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 40,204 shares of the bank’s stock valued at $486,000 after acquiring an additional 1,709 shares during the last quarter. 11.68% of the stock is currently owned by institutional investors.

About Citizens

(Get Free Report)

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.

Read More

Receive News & Ratings for Citizens Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens and related companies with MarketBeat.com's FREE daily email newsletter.