ValuEngine Downgrades Citizens (NASDAQ:CIZN) to Sell

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Citizens (NASDAQ:CIZN) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Citizens stock opened at $22.10 on Tuesday. The company’s fifty day simple moving average is $20.87 and its 200-day simple moving average is $20.70. Citizens has a 12 month low of $19.05 and a 12 month high of $23.89. The stock has a market cap of $123.95 million, a P/E ratio of 19.32 and a beta of -0.10.

Citizens (NASDAQ:CIZN) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.27 EPS for the quarter. Citizens had a net margin of 13.32% and a return on equity of 6.11%. The business had revenue of $8.43 million for the quarter.

A hedge fund recently raised its stake in Citizens stock. BlackRock Inc. increased its holdings in Citizens Holding (NASDAQ:CIZN) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,922 shares of the bank’s stock after purchasing an additional 634 shares during the period. BlackRock Inc. owned approximately 0.12% of Citizens worth $122,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.63% of the company’s stock.

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. The company offers demand deposits, as well as savings and time deposit accounts. It also provides secured and unsecured loans; mortgage loans; installment loans; credit card 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.

Read More: Outstanding Shares and The Effect on Share Price

To view ValuEngine’s full report, visit ValuEngine’s official website.

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