Citizens (NYSE:CIA) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Citizens (NYSE:CIA) issued its earnings results on Thursday. The insurance provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06), FiscalAI reports. Citizens had a return on equity of 7.21% and a net margin of 7.12%.The company had revenue of $61.90 million during the quarter, compared to analyst estimates of $63.85 million.

Citizens Price Performance

Citizens stock traded down $0.76 during midday trading on Friday, reaching $3.81. The stock had a trading volume of 395,286 shares, compared to its average volume of 105,677. The firm’s fifty day simple moving average is $5.39 and its two-hundred day simple moving average is $5.37. Citizens has a twelve month low of $3.72 and a twelve month high of $6.54. The firm has a market cap of $191.59 million, a price-to-earnings ratio of 10.88 and a beta of 0.48.

Insider Transactions at Citizens

In other news, CEO Jon Stenberg bought 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $4.82 per share, with a total value of $48,200.00. Following the purchase, the chief executive officer directly owned 327,574 shares in the company, valued at $1,578,906.68. This trade represents a 3.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in Citizens by 3,686.7% in the 2nd quarter. Bank of America Corp DE now owns 14,541 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 14,157 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Citizens by 92.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 5,141 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Citizens during the 3rd quarter valued at about $57,000. The Manufacturers Life Insurance Company acquired a new position in shares of Citizens in the 2nd quarter valued at about $63,000. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Citizens in the fourth quarter worth approximately $84,000. Hedge funds and other institutional investors own 13.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Citizens from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.