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

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

Citizens Stock Down 4.2 %

CIZN opened at $8.85 on Friday. The firm’s 50 day moving average is $8.68 and its 200-day moving average is $8.10. Citizens has a 52-week low of $6.64 and a 52-week high of $10.64. The firm has a market capitalization of $49.89 million, a P/E ratio of 13.83 and a beta of -0.02.

Citizens (NASDAQ:CIZN) last announced its earnings results on Friday, July 19th. The bank reported $0.18 earnings per share (EPS) for the quarter. Citizens had a return on equity of 10.33% and a net margin of 5.80%. The business had revenue of $11.14 million for the quarter.

Citizens Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.16 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.64 annualized dividend and a yield of 7.23%. Citizens’s dividend payout ratio is presently 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.