Citizens (NASDAQ:CIZN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Citizens (NASDAQ:CIZN) in a research note issued to investors on Tuesday morning. The brokerage issued a sell rating on the bank’s stock.

Citizens Trading Up 2.8%

NASDAQ:CIZN opened at $8.50 on Tuesday. Citizens has a 12 month low of $7.00 and a 12 month high of $11.00. The firm’s 50 day moving average is $8.20 and its 200 day moving average is $9.01. The stock has a market capitalization of $47.98 million, a PE ratio of 8.67 and a beta of -0.01.

Citizens Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 7.53%. Citizens’s payout ratio is presently 10.00%.

Citizens Company Profile

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.