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

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

Citizens Stock Up 0.3 %

Shares of CIZN opened at $7.10 on Friday. Citizens has a fifty-two week low of $7.04 and a fifty-two week high of $11.00. The company has a market cap of $40.02 million, a P/E ratio of 7.24 and a beta of 0.02. The firm’s 50 day moving average price is $8.94 and its 200 day moving average price is $9.10.

Citizens Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 9.01%. Citizens’s dividend payout ratio (DPR) is presently 8.16%.

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.