Citizens (NASDAQ:CIZN) Research Coverage Started at StockNews.com

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

Citizens Stock Performance

Shares of CIZN opened at $7.76 on Wednesday. Citizens has a fifty-two week low of $6.64 and a fifty-two week high of $12.87. The company has a market capitalization of $43.69 million and a PE ratio of 12.13. The stock has a fifty day moving average of $7.79 and a two-hundred day moving average of $8.44.

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

Citizens Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were given 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 presently 100.00%.

Hedge Funds Weigh In On Citizens

A hedge fund recently bought a new stake in Citizens stock. Commonwealth Equity Services LLC acquired a new position in shares of Citizens Holding (NASDAQ:CIZN) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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.

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.