Citizens Holding (NASDAQ:CIZN) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 900 shares, a drop of 35.7% from the May 15th total of 1,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 0.8 days.
A hedge fund recently raised its stake in Citizens stock. Dimensional Fund Advisors LP increased its stake in Citizens Holding (NASDAQ:CIZN) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,568 shares of the bank’s stock after purchasing an additional 500 shares during the period. Dimensional Fund Advisors LP owned 0.73% of Citizens worth $739,000 as of its most recent filing with the Securities & Exchange Commission. 6.12% of the stock is owned by institutional investors.
CIZN stock traded down $0.83 during trading on Wednesday, reaching $20.37. The company had a trading volume of 4,327 shares, compared to its average volume of 1,698. The business has a 50-day simple moving average of $21.08. The firm has a market cap of $103.35 million, a P/E ratio of 16.70 and a beta of -0.16. Citizens has a twelve month low of $19.08 and a twelve month high of $24.00.
Citizens (NASDAQ:CIZN) last released its earnings results on Monday, April 22nd. The bank reported $0.25 EPS for the quarter. The company had revenue of $8.26 million during the quarter. Citizens had a net margin of 15.06% and a return on equity of 7.30%.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Thursday, June 13th.
Separately, TheStreet upgraded shares of Citizens from a “c+” rating to a “b-” rating in a research note on Wednesday, April 3rd.
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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