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

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

Citizens Trading Up 2.1 %

Shares of CIZN opened at $8.75 on Monday. The company’s 50 day simple moving average is $8.85 and its 200-day simple moving average is $8.48. Citizens has a 12-month low of $6.64 and a 12-month high of $10.50. The firm has a market cap of $49.35 million, a PE ratio of 14.34 and a beta of -0.02.

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

Citizens Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.64 dividend on an annualized basis and a yield of 7.31%. Citizens’s payout ratio is 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.