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

Equities research analysts at StockNews.com started coverage on shares of Citizens (NASDAQ:CIZN) in a research note issued on Monday. The firm set a “sell” rating on the bank’s stock.

Citizens Price Performance

CIZN stock opened at $7.83 on Monday. The business has a fifty day moving average of $7.77 and a two-hundred day moving average of $8.68. The stock has a market cap of $44.08 million and a price-to-earnings ratio of 23.73. Citizens has a 52-week low of $6.64 and a 52-week high of $12.89.

Citizens (NASDAQ:CIZN) last posted its earnings results on Friday, January 26th. The bank reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $10.26 million for the quarter. Citizens had a return on equity of 4.68% and a net margin of 3.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CIZN. UBS Group AG boosted its position in shares of Citizens by 105.7% during the third quarter. UBS Group AG now owns 1,868 shares of the bank’s stock worth $29,000 after buying an additional 960 shares during the period. Bank of America Corp DE boosted its holdings in Citizens by 9.4% in the first quarter. Bank of America Corp DE now owns 10,944 shares of the bank’s stock valued at $132,000 after purchasing an additional 944 shares during the period. Commonwealth Equity Services LLC purchased a new position in Citizens in the third quarter valued at $168,000. Jane Street Group LLC purchased a new position in Citizens in the third quarter valued at $196,000. Finally, State Street Corp purchased a new position in Citizens in the first quarter valued at $207,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

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.