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

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

Citizens Price Performance

Shares of NASDAQ:CIZN opened at $7.83 on Monday. The firm has a market cap of $44.08 million and a P/E ratio of 23.73. Citizens has a 12-month low of $6.64 and a 12-month high of $12.87. The business has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $8.64.

Citizens (NASDAQ:CIZN) last issued its quarterly earnings data on Friday, January 26th. The bank reported ($0.14) earnings per share (EPS) for the quarter. Citizens had a return on equity of 4.68% and a net margin of 3.09%. The company had revenue of $10.26 million for the quarter.

Citizens Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 8.17%. The ex-dividend date was Wednesday, March 13th. Citizens’s dividend payout ratio (DPR) is presently 193.95%.

Hedge Funds Weigh In On Citizens

Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC purchased a new position in Citizens in the third quarter worth $168,000. Jane Street Group LLC purchased a new stake in Citizens during the third quarter worth about $196,000. State Street Corp purchased a new position in Citizens in the first quarter valued at about $207,000. BlackRock Inc. grew its position in shares of Citizens by 74.3% during the 2nd quarter. BlackRock Inc. now owns 23,056 shares of the bank’s stock valued at $282,000 after acquiring an additional 9,830 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Citizens by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 60,453 shares of the bank’s stock worth $635,000 after purchasing an additional 4,537 shares during the period. 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.