Citizens Holding (NASDAQ:CIZN) Short Interest Up 13.3% in January

Citizens Holding (NASDAQ:CIZN) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 8,500 shares, a growth of 13.3% from the January 15th total of 7,500 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is currently 3.1 days. Approximately 0.2% of the shares of the stock are sold short.

Shares of Citizens stock opened at $21.51 on Friday. The firm has a market capitalization of $119.99 million, a PE ratio of 18.70 and a beta of -0.13. Citizens has a 12 month low of $19.05 and a 12 month high of $23.25. The business’s 50-day moving average price is $21.75 and its 200-day moving average price is $21.03.

Citizens (NASDAQ:CIZN) last released its earnings results on Tuesday, January 28th. The bank reported $0.35 earnings per share for the quarter. The company had revenue of $10.43 million during the quarter. Citizens had a return on equity of 6.20% and a net margin of 13.08%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of Citizens by 38.2% in the 4th quarter. Bank of America Corp DE now owns 13,945 shares of the bank’s stock worth $305,000 after acquiring an additional 3,857 shares during the last quarter. Fourthstone LLC bought a new position in Citizens during the 4th quarter valued at about $493,000. BEAM Asset Management LLC bought a new position in Citizens during the 4th quarter valued at about $282,000. ACG Wealth grew its holdings in Citizens by 4.1% during the 4th quarter. ACG Wealth now owns 69,578 shares of the bank’s stock valued at $1,522,000 after purchasing an additional 2,747 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Citizens by 9.0% in the 4th quarter. Renaissance Technologies LLC now owns 20,500 shares of the bank’s stock worth $449,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 6.52% of the company’s stock.

Separately, ValuEngine raised Citizens from a “sell” rating to a “hold” rating in a research note on Monday, December 16th.

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. 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.

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