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

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

Citizens Stock Performance

Citizens stock opened at $7.10 on Friday. The firm has a market capitalization of $40.02 million, a PE ratio of 7.24 and a beta of 0.02. The stock’s 50 day moving average price is $8.94 and its 200 day moving average price is $9.10. Citizens has a one year low of $7.04 and a one year high of $11.00.

Citizens Announces Dividend

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