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

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

Citizens Price Performance

Shares of Citizens stock opened at $8.75 on Friday. The company’s 50 day moving average price is $8.81 and its two-hundred day moving average price is $8.15. The firm has a market capitalization of $49.32 million, a P/E ratio of 13.67 and a beta of -0.02. Citizens has a fifty-two week low of $6.64 and a fifty-two week high of $10.64.

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

Citizens Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 7.31%. Citizens’s payout ratio is currently 100.00%.

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.