Citizens (NASDAQ:CIZN) Now Covered by StockNews.com

StockNews.com began coverage on shares of Citizens (NASDAQ:CIZN) in a research note released on Tuesday morning. The brokerage issued a sell rating on the bank’s stock.

Citizens Stock Performance

Shares of CIZN stock opened at $8.01 on Tuesday. The stock’s 50 day simple moving average is $9.79 and its 200 day simple moving average is $9.28. Citizens has a twelve month low of $7.65 and a twelve month high of $11.00. The company has a market capitalization of $45.15 million, a price-to-earnings ratio of 8.17 and a beta of -0.06.

Citizens Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Monday, March 17th. Citizens’s dividend payout ratio is currently 65.31%.

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.