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

StockNews.com assumed coverage on shares of Citizens (NASDAQ:CIZN) in a research note published on Saturday morning. The firm issued a sell rating on the bank’s stock.

Citizens Price Performance

Shares of NASDAQ:CIZN opened at $9.20 on Friday. The business’s 50-day moving average is $8.96 and its 200 day moving average is $8.73. Citizens has a 1 year low of $7.53 and a 1 year high of $9.74. The firm has a market capitalization of $51.86 million, a P/E ratio of 15.08 and a beta of -0.03.

Citizens (NASDAQ:CIZN) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.06 EPS for the quarter. The firm had revenue of $10.08 million during the quarter. Citizens had a net margin of 4.44% and a return on equity of 7.23%.

Citizens Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.16 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.64 dividend on an annualized basis and a yield of 6.96%. Citizens’s dividend payout ratio (DPR) is 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.