Citizens Holding (NASDAQ:CIZN) Plans $0.16 Quarterly Dividend

Citizens Holding (NASDAQ:CIZN) declared a quarterly dividend on Tuesday, September 12th, Zacks reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.16 per share by the bank on Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Thursday, September 21st.

Citizens Stock Down 1.4 %

Shares of NASDAQ CIZN opened at $10.05 on Thursday. The firm has a market cap of $56.35 million, a P/E ratio of 8.74 and a beta of 0.03. The company has a 50 day moving average of $11.02 and a 200 day moving average of $12.19. Citizens has a twelve month low of $10.01 and a twelve month high of $17.06.

Citizens (NASDAQ:CIZN) last announced its earnings results on Thursday, July 27th. The bank reported $0.05 earnings per share for the quarter. The business had revenue of $9.68 million during the quarter. Citizens had a net margin of 12.12% and a return on equity of 16.96%.

Insider Buying and Selling at Citizens

In related news, Director Vincent Craig Dungan bought 3,500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average cost of $10.49 per share, for a total transaction of $36,715.00. Following the purchase, the director now owns 66,994 shares in the company, valued at $702,767.06. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders purchased 35,785 shares of company stock worth $375,635. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Citizens

A number of hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its stake in Citizens by 4.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 42,101 shares of the bank’s stock worth $516,000 after acquiring an additional 1,897 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Citizens by 74.3% during the second quarter. BlackRock Inc. now owns 23,056 shares of the bank’s stock valued at $282,000 after purchasing an additional 9,830 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Citizens by 9.4% during 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 in the last quarter. Magnolia Capital Advisors LLC boosted its stake in Citizens by 0.5% in the fourth quarter. Magnolia Capital Advisors LLC now owns 203,341 shares of the bank’s stock valued at $2,786,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Citizens in the third quarter valued at approximately $196,000. Institutional investors own 11.68% of the company’s stock.

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.