Citizens Bancshares (OTCMKTS:CZBS) Shares Cross Above 50 Day Moving Average of $47.60

Citizens Bancshares Co. (OTCMKTS:CZBS) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $47.60 and traded as high as $48.63. Citizens Bancshares shares last traded at $48.63, with a volume of 1,571 shares changing hands.

Citizens Bancshares Price Performance

The stock’s 50-day simple moving average is $47.60 and its 200 day simple moving average is $41.00.

Citizens Bancshares Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 2.06%.

About Citizens Bancshares

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans.