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

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

Citizens Stock Performance

Shares of CIZN stock opened at $9.50 on Tuesday. The stock has a 50 day moving average price of $8.00 and a 200 day moving average price of $7.86. The firm has a market capitalization of $53.55 million, a P/E ratio of 14.84 and a beta of -0.01. Citizens has a 52-week low of $6.64 and a 52-week high of $10.78.

Citizens (NASDAQ:CIZN) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.18 EPS for the quarter. The firm had revenue of $11.14 million for the quarter. Citizens had a net margin of 5.80% and a return on equity of 11.07%.

Citizens Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.64 annualized dividend and a dividend yield of 6.74%. 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.