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

StockNews.com started coverage on shares of Citizens (NASDAQ:CIZN) in a research report sent to investors on Saturday. The brokerage issued a sell rating on the bank’s stock.

Citizens Price Performance

Shares of CIZN opened at $8.25 on Friday. The firm has a 50 day simple moving average of $8.67 and a 200-day simple moving average of $9.05. Citizens has a 1-year low of $7.00 and a 1-year high of $11.00. The stock has a market cap of $46.51 million, a price-to-earnings ratio of 8.42 and a beta of 0.02.

Citizens Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were paid a dividend of $0.16 per share. 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 7.76%. Citizens’s dividend payout ratio (DPR) is 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.