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

StockNews.com initiated coverage on shares of Citizens (NASDAQ:CIZN) in a research note published on Sunday morning. The firm issued a sell rating on the bank’s stock.

Citizens Stock Up 4.2 %

Citizens stock opened at $8.75 on Friday. Citizens has a 12 month low of $6.64 and a 12 month high of $10.64. The company’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.15. The stock has a market cap of $49.32 million, a P/E ratio of 13.67 and a beta of -0.02.

Citizens (NASDAQ:CIZN) last issued its earnings results on Friday, July 19th. The bank reported $0.18 earnings per share for the quarter. Citizens had a return on equity of 10.33% and a net margin of 5.80%. The company had revenue of $11.14 million for the quarter.

Citizens Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend is Monday, September 16th. Citizens’s dividend payout ratio (DPR) is presently 100.00%.

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.