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

Research analysts at StockNews.com began coverage on shares of Citizens (NASDAQ:CIZN) in a research note issued to investors on Thursday. The firm set a “sell” rating on the bank’s stock.

Citizens Stock Up 1.7 %

Citizens stock opened at $7.85 on Thursday. The firm has a fifty day simple moving average of $7.79 and a two-hundred day simple moving average of $8.39. Citizens has a twelve month low of $6.64 and a twelve month high of $12.86. The company has a market capitalization of $44.19 million and a PE ratio of 12.27.

Citizens (NASDAQ:CIZN) last posted its earnings results on Thursday, April 18th. The bank reported $0.51 earnings per share for the quarter. Citizens had a return on equity of 9.16% and a net margin of 5.28%. The firm had revenue of $13.63 million for the quarter.

Institutional Investors Weigh In On Citizens

A hedge fund recently bought a new stake in Citizens stock. Commonwealth Equity Services LLC bought a new stake in shares of Citizens Holding (NASDAQ:CIZN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,999 shares of the bank’s stock, valued at approximately $168,000. Commonwealth Equity Services LLC owned 0.29% of Citizens as of its most recent filing with the Securities and Exchange Commission. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

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.