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

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

Citizens Price Performance

Shares of NASDAQ:CIZN opened at $7.80 on Wednesday. Citizens has a 12 month low of $7.65 and a 12 month high of $11.00. The firm has a market capitalization of $43.97 million, a P/E ratio of 7.96 and a beta of -0.06. The company’s fifty day moving average price is $9.46 and its 200 day moving average price is $9.20.

Citizens Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were given 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 dividend yield of 8.21%. Citizens’s dividend payout ratio (DPR) is presently 8.16%.

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.