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

StockNews.com assumed coverage on shares of Citizens (NASDAQ:CIZN) in a report released on Friday morning. The firm issued a sell rating on the bank’s stock.

Citizens Price Performance

CIZN opened at $10.00 on Friday. The company has a market capitalization of $56.37 million, a price-to-earnings ratio of 10.20 and a beta of -0.02. Citizens has a 1-year low of $7.60 and a 1-year high of $11.00. The business has a 50 day moving average price of $9.60 and a two-hundred day moving average price of $9.20.

Citizens Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.16 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.64 dividend on an annualized basis and a yield of 6.40%. Citizens’s dividend payout ratio (DPR) is 65.31%.

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.