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

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

Citizens Stock Down 0.4 %

Citizens stock opened at $8.01 on Tuesday. The business has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $9.28. Citizens has a 12 month low of $7.65 and a 12 month high of $11.00. The stock has a market cap of $45.15 million, a price-to-earnings ratio of 8.17 and a beta of -0.06.

Citizens Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 7.99%. Citizens’s dividend payout ratio is currently 65.31%.

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.