Citizens (NYSE:CIA) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Citizens (NYSE:CIA) issued its quarterly earnings results on Thursday. The insurance provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03, Zacks reports. The firm had revenue of $72.07 million during the quarter, compared to analyst estimates of $67.89 million. Citizens had a net margin of 5.71% and a return on equity of 7.32%.

Citizens Stock Performance

NYSE CIA opened at $4.62 on Friday. The firm has a market capitalization of $232.13 million, a price-to-earnings ratio of 16.50 and a beta of 0.43. Citizens has a one year low of $2.90 and a one year high of $6.40. The company’s 50 day moving average price is $5.49 and its 200 day moving average price is $5.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Citizens

Several large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Citizens by 142.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 199,809 shares of the insurance provider’s stock valued at $909,000 after acquiring an additional 117,502 shares in the last quarter. Empowered Funds LLC increased its holdings in Citizens by 8.2% in the 1st quarter. Empowered Funds LLC now owns 157,169 shares of the insurance provider’s stock valued at $715,000 after purchasing an additional 11,853 shares in the last quarter. Jane Street Group LLC increased its holdings in Citizens by 133.6% in the 1st quarter. Jane Street Group LLC now owns 169,308 shares of the insurance provider’s stock valued at $770,000 after purchasing an additional 96,836 shares in the last quarter. Geode Capital Management LLC raised its position in Citizens by 118.0% in the second quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider’s stock valued at $3,603,000 after purchasing an additional 558,840 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in Citizens in the second quarter valued at about $101,000. Institutional investors and hedge funds own 13.73% of the company’s stock.

Citizens Company Profile

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.