StockNews.com Initiates Coverage on Citizens (NASDAQ:CIZN)

StockNews.com started coverage on shares of Citizens (NASDAQ:CIZN) in a research report report published on Wednesday morning. 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 1 year low of $6.64 and a 1 year high of $12.87. The firm has a market capitalization of $43.68 million and a PE ratio of 12.13. The business has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $8.47.

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

Citizens Announces Dividend

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

Institutional Trading of Citizens

An institutional investor recently bought a new position in Citizens stock. Commonwealth Equity Services LLC bought a new position in shares of Citizens Holding (NASDAQ:CIZN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,999 shares of the bank’s stock, valued at approximately $168,000. Commonwealth Equity Services LLC owned about 0.29% of Citizens as of its most recent SEC filing. Hedge funds and other institutional investors own 9.74% of the company’s stock.

Citizens Company Profile

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.