Citizens (NASDAQ:CIZN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Citizens (NASDAQ:CIZN) in a research note released on Friday. The brokerage issued a sell rating on the bank’s stock.

Citizens Price Performance

Citizens stock traded up $0.02 during mid-day trading on Friday, hitting $8.77. 356 shares of the company were exchanged, compared to its average volume of 5,726. Citizens has a 12-month low of $6.64 and a 12-month high of $10.50. The business’s 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $8.35. The company has a market capitalization of $49.46 million, a P/E ratio of 14.38 and a beta of -0.02.

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

Citizens Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.30%. Citizens’s dividend payout ratio (DPR) is presently 104.92%.

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.