Citizens Financial (OTCMKTS:CIWV) Trading Up 1.8% – Here’s Why

Citizens Financial Corp. (OTCMKTS:CIWV) shot up 1.8% on Thursday . The stock traded as high as $28.50 and last traded at $28.00. 1,005 shares changed hands during mid-day trading, an increase of 142% from the average session volume of 415 shares. The stock had previously closed at $27.50.

Citizens Financial Stock Performance

The firm has a 50-day moving average price of $25.44 and a two-hundred day moving average price of $22.51.

Citizens Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Saturday, January 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. This is a positive change from Citizens Financial’s previous quarterly dividend of $0.22. Citizens Financial’s payout ratio is currently 47.81%.

Citizens Financial Company Profile

Citizens Financial Corp. operates as the bank holding company for Citizens Bank of West Virginia, Inc that engages in the provision of retail, secondary market, and commercial loan services to consumers and businesses in West Virginia. It provides various deposit products, including checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.