Citizens (NYSE:CIA) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Citizens, Inc. (NYSE:CIA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.13 and traded as high as $5.65. Citizens shares last traded at $5.4950, with a volume of 111,306 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Citizens in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Citizens Stock Performance

The firm has a market cap of $276.07 million, a P/E ratio of 26.17 and a beta of 0.41. The firm’s fifty day simple moving average is $5.33 and its 200 day simple moving average is $5.13.

Citizens (NYSE:CIA) last issued its earnings results on Thursday, November 6th. The insurance provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Citizens had a return on equity of 6.54% and a net margin of 4.40%.The firm had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.46 million. On average, equities research analysts predict that Citizens, Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Citizens by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 1,866 shares during the last quarter. Bank of America Corp DE lifted its position in Citizens by 31.5% in the third quarter. Bank of America Corp DE now owns 19,123 shares of the insurance provider’s stock worth $100,000 after buying an additional 4,582 shares during the last quarter. BNP Paribas Financial Markets increased its position in Citizens by 92.1% during the third quarter. BNP Paribas Financial Markets now owns 10,724 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 5,141 shares during the last quarter. GSA Capital Partners LLP increased its position in Citizens by 18.7% during the third quarter. GSA Capital Partners LLP now owns 37,931 shares of the insurance provider’s stock valued at $199,000 after acquiring an additional 5,965 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Citizens in the second quarter valued at $32,000. 13.73% of the stock is currently owned by institutional investors.

About Citizens

Citizens, Inc (NYSE:CIA) is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.