StockNews.com Begins Coverage on Citizens (NASDAQ:CIZN)

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

Citizens Trading Down 1.2 %

Shares of CIZN opened at $8.88 on Wednesday. The company has a market cap of $50.03 million, a PE ratio of 13.87 and a beta of -0.02. The stock has a 50-day moving average price of $9.08 and a 200-day moving average price of $8.28. Citizens has a 12-month low of $6.64 and a 12-month high of $10.50.

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

Citizens Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.16 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 7.21%. Citizens’s payout ratio is 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.