Citizens (NASDAQ:CIZN) Stock Passes Below Two Hundred Day Moving Average of $8.39

Citizens Holding (NASDAQ:CIZN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.39 and traded as low as $7.85. Citizens shares last traded at $7.85, with a volume of 8,398 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Citizens in a research note on Thursday. They issued a “sell” rating on the stock.

Citizens Stock Up 1.7 %

The stock has a market cap of $44.19 million and a P/E ratio of 12.27. The stock has a fifty day simple moving average of $7.79 and a 200-day simple moving average of $8.39.

Citizens (NASDAQ:CIZN) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.51 earnings per share for the quarter. Citizens had a net margin of 5.28% and a return on equity of 9.16%. The business had revenue of $13.63 million for the quarter.

Citizens Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 8.15%. The ex-dividend date was Wednesday, March 13th. Citizens’s payout ratio is presently 100.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Citizens stock. Commonwealth Equity Services LLC acquired a new position in shares of Citizens Holding (NASDAQ:CIZN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,999 shares of the bank’s stock, valued at approximately $168,000. Commonwealth Equity Services LLC owned approximately 0.29% of Citizens as of its most recent SEC filing. 9.74% of the stock is owned by institutional investors.

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.