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

Citizens Holding (NASDAQ:CIZN)’s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Citizens Stock Performance

The stock has a fifty day moving average price of $7.79 and a two-hundred day moving average price of $8.39. The firm has a market capitalization of $44.19 million and a P/E ratio of 12.27.

Citizens (NASDAQ:CIZN) last issued its earnings results 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 company had revenue of $13.63 million for the quarter.

Citizens Announces Dividend

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

Institutional Trading of Citizens

An institutional investor recently bought a new position in Citizens stock. Commonwealth Equity Services LLC bought a new stake in Citizens Holding (NASDAQ:CIZN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,999 shares of the bank’s stock, valued at approximately $168,000. Commonwealth Equity Services LLC owned about 0.29% of Citizens as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 9.74% of the company’s stock.

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.