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

StockNews.com initiated coverage on shares of Citizens (NASDAQ:CIZN) in a research report released on Thursday morning. The brokerage issued a sell rating on the bank’s stock.

Citizens Price Performance

CIZN opened at $8.90 on Thursday. The company has a market cap of $50.17 million, a PE ratio of 13.91 and a beta of -0.02. Citizens has a twelve month low of $6.64 and a twelve month high of $10.50. The company has a 50-day moving average price of $9.07 and a 200 day moving average price of $8.32.

Citizens Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend was Monday, September 16th. Citizens’s payout ratio is 100.00%.

About Citizens

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.