Insider Buying: Citizens First Corporation (CZFC) Insider Acquires $11,800.00 in Stock
Citizens First Corporation (NASDAQ:CZFC) insider M Todd Kanipe bought 500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $23.60 per share, for a total transaction of $11,800.00. Following the transaction, the insider now owns 23,216 shares of the company’s stock, valued at $547,897.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
M Todd Kanipe also recently made the following trade(s):
- On Thursday, October 26th, M Todd Kanipe bought 750 shares of Citizens First Corporation stock. The stock was purchased at an average price of $23.70 per share, for a total transaction of $17,775.00.
Shares of Citizens First Corporation (CZFC) traded up $0.02 during midday trading on Thursday, reaching $23.07. The company had a trading volume of 840 shares, compared to its average volume of 5,909. The stock has a market capitalization of $58.74, a price-to-earnings ratio of 14.01 and a beta of 0.43. Citizens First Corporation has a 52-week low of $16.84 and a 52-week high of $24.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99.
Citizens First Corporation (NASDAQ:CZFC) last issued its earnings results on Thursday, October 19th. The bank reported $0.44 EPS for the quarter. The firm had revenue of $4.79 million for the quarter. Citizens First Corporation had a return on equity of 10.52% and a net margin of 19.50%.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, November 16th. Shareholders of record on Friday, October 27th will be given a $0.10 dividend. This represents a yield of 0.84%. The ex-dividend date is Thursday, October 26th. This is a positive change from Citizens First Corporation’s previous semiannual dividend of $0.08. Citizens First Corporation’s dividend payout ratio is currently 10.84%.
Institutional investors have recently added to or reduced their stakes in the business. Salzhauer Michael purchased a new stake in Citizens First Corporation in the 3rd quarter worth approximately $238,000. Dimensional Fund Advisors LP boosted its position in Citizens First Corporation by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,494 shares of the bank’s stock worth $304,000 after purchasing an additional 530 shares in the last quarter. Cutler Capital Management LLC boosted its position in Citizens First Corporation by 39.1% in the 2nd quarter. Cutler Capital Management LLC now owns 40,325 shares of the bank’s stock worth $874,000 after purchasing an additional 11,325 shares in the last quarter. Finally, River Oaks Capital LLC boosted its position in Citizens First Corporation by 1.7% in the 2nd quarter. River Oaks Capital LLC now owns 79,360 shares of the bank’s stock worth $1,753,000 after purchasing an additional 1,307 shares in the last quarter. Institutional investors and hedge funds own 23.47% of the company’s stock.
About Citizens First Corporation
Citizens First Corporation is the bank holding company for Citizens First Bank, Inc (the Bank). The Bank conducts full-service community banking operations from approximately 10 locations in the Kentucky counties of Barren, Hart, Simpson and Warren. The Bank is primarily engaged in the business of accepting demand, savings and time deposits insured by the Federal Deposit Insurance Corporation (FDIC) and providing commercial, consumer and mortgage loans to the general public.
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