Citizens (NASDAQ:CIZN) Receives New Coverage from Analysts at StockNews.com

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

Citizens Stock Down 4.2 %

Shares of NASDAQ:CIZN opened at $8.85 on Friday. The firm has a 50-day simple moving average of $8.68 and a 200 day simple moving average of $8.10. Citizens has a fifty-two week low of $6.64 and a fifty-two week high of $10.64. The company has a market cap of $49.89 million, a PE ratio of 13.83 and a beta of -0.02.

Citizens (NASDAQ:CIZN) last announced its quarterly 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 business had revenue of $11.14 million for the quarter.

Citizens Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, September 16th. This represents a $0.64 annualized dividend and a dividend yield of 7.23%. Citizens’s dividend payout ratio is currently 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.