Citizens (NYSE:CIA) Issues Earnings Results

Citizens (NYSE:CIA) posted its earnings results on Thursday. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03, Zacks reports. The company had revenue of $72.07 million during the quarter, compared to analyst estimates of $67.89 million. Citizens had a return on equity of 6.54% and a net margin of 4.40%.

Citizens Stock Down 3.9%

Citizens stock traded down $0.19 during mid-day trading on Friday, hitting $4.71. 111,888 shares of the company’s stock were exchanged, compared to its average volume of 101,772. The firm has a market capitalization of $236.63 million, a P/E ratio of 22.43 and a beta of 0.43. Citizens has a fifty-two week low of $2.90 and a fifty-two week high of $6.40. The company’s 50 day simple moving average is $5.49 and its 200-day simple moving average is $5.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Metis Global Partners LLC bought a new stake in Citizens during the 4th quarter worth approximately $202,000. Deutsche Bank AG lifted its stake in Citizens by 7.1% in the fourth quarter. Deutsche Bank AG now owns 40,968 shares of the insurance provider’s stock valued at $198,000 after buying an additional 2,715 shares in the last quarter. Bank of America Corp DE lifted its stake 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 valued at $100,000 after buying an additional 4,582 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Citizens by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 42,753 shares of the insurance provider’s stock valued at $224,000 after buying an additional 1,866 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Citizens in the second quarter valued at approximately $129,000. 13.73% of the stock is owned by institutional investors and hedge funds.

Citizens Company Profile

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.