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

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

Citizens Stock Up 3.5 %

CIZN opened at $8.90 on Friday. The stock has a fifty day moving average of $8.88 and a 200-day moving average of $8.45. The firm has a market capitalization of $50.20 million, a P/E ratio of 14.59 and a beta of -0.02. Citizens has a 12-month low of $6.64 and a 12-month high of $10.50.

Citizens (NASDAQ:CIZN) last issued its quarterly earnings data on Friday, October 25th. The bank reported $0.06 earnings per share for the quarter. The business had revenue of $10.08 million for the quarter. Citizens had a return on equity of 7.54% and a net margin of 4.44%.

Citizens Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.19%. The ex-dividend date was Monday, September 16th. Citizens’s dividend payout ratio (DPR) is presently 104.92%.

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.