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

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

Citizens Stock Down 0.9 %

Shares of NASDAQ:CIZN opened at $8.92 on Friday. Citizens has a 52-week low of $7.53 and a 52-week high of $9.74. The stock has a market cap of $50.28 million, a P/E ratio of 14.62 and a beta of -0.02. The business has a fifty day moving average of $8.94 and a two-hundred day moving average of $8.68.

Citizens (NASDAQ:CIZN) last announced its quarterly 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 7.23%. The firm had revenue of $10.08 million for the quarter.

Citizens Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend is Monday, December 16th. Citizens’s payout ratio 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.