Short Interest in Citizens Holding (NASDAQ:CIZN) Increases By 7.3%

Citizens Holding (NASDAQ:CIZNGet Rating) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 71,600 shares, an increase of 7.3% from the July 15th total of 66,700 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 31.1 days.

Citizens Stock Down 1.3 %

Shares of Citizens stock traded down $0.23 during trading hours on Wednesday, hitting $17.63. 319 shares of the company’s stock traded hands, compared to its average volume of 1,756. The stock has a 50 day simple moving average of $17.89 and a 200-day simple moving average of $18.20. The company has a market cap of $98.73 million, a PE ratio of 11.99 and a beta of 0.02. Citizens has a twelve month low of $15.30 and a twelve month high of $21.75.

Citizens (NASDAQ:CIZNGet Rating) last announced its earnings results on Tuesday, July 26th. The bank reported $0.45 earnings per share for the quarter. The company had revenue of $11.53 million during the quarter. Citizens had a return on equity of 10.94% and a net margin of 16.70%.

Citizens Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 5.45%. Citizens’s payout ratio is 65.31%.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded Citizens from a “b-” rating to a “c+” rating in a report on Thursday, August 11th.

Hedge Funds Weigh In On Citizens

Several large investors have recently modified their holdings of CIZN. BHZ Capital Management LP lifted its position in shares of Citizens by 17.8% during the fourth quarter. BHZ Capital Management LP now owns 15,991 shares of the bank’s stock worth $300,000 after purchasing an additional 2,412 shares during the last quarter. EPG Wealth Management LLC bought a new position in shares of Citizens during the first quarter worth about $645,000. Finally, State Street Corp bought a new position in shares of Citizens during the first quarter worth about $207,000. Institutional investors own 19.89% of the company’s stock.

Citizens Company Profile

(Get Rating)

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. The company offers demand deposits, as well as savings and time deposit accounts. It 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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