Citizens (NASDAQ:CIZN) Downgraded by to Sell downgraded shares of Citizens (NASDAQ:CIZNFree Report) from a hold rating to a sell rating in a research report sent to investors on Friday.

Citizens Price Performance

Shares of Citizens stock opened at $7.89 on Friday. The stock has a market cap of $44.26 million, a PE ratio of 23.91 and a beta of -0.01. The firm has a fifty day moving average price of $8.09 and a 200 day moving average price of $9.59. Citizens has a 1 year low of $6.64 and a 1 year high of $16.79.

Citizens Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.64 annualized dividend and a yield of 8.11%. Citizens’s dividend payout ratio is presently 193.95%.

Institutional Trading of Citizens

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIZN. State Street Corp acquired a new stake in Citizens during the first quarter valued at $207,000. UBS Group AG grew its position in Citizens by 105.7% during the third quarter. UBS Group AG now owns 1,868 shares of the bank’s stock valued at $29,000 after buying an additional 960 shares during the period. Jane Street Group LLC acquired a new stake in shares of Citizens in the third quarter valued at about $196,000. Magnolia Capital Advisors LLC grew its position in shares of 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 purchasing an additional 1,060 shares during the period. Finally, Bank of America Corp DE grew its position in shares of 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. Institutional investors and hedge funds own 11.68% of the company’s stock.

Citizens Company Profile

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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.

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