Citizens Holding (NASDAQ:CIZN) Board Announces Share Buyback Program

Citizens Holding (NASDAQ:CIZN) announced that its board has initiated a share repurchase program, which authorizes the company to buyback 200,000 shares on Wednesday, July 26th, EventVestor reports. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Citizens Holding (CIZN) traded up 0.31% during mid-day trading on Friday, reaching $24.15. 119 shares of the company’s stock traded hands. The stock has a market capitalization of $118.19 million, a PE ratio of 17.76 and a beta of -0.38. The stock has a 50-day moving average price of $25.01 and a 200-day moving average price of $24.60. Citizens Holding has a 12-month low of $21.57 and a 12-month high of $26.61.

Citizens Holding (NASDAQ:CIZN) last issued its earnings results on Tuesday, July 25th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. Citizens Holding had a return on equity of 7.33% and a net margin of 17.37%. The business had revenue of $9.14 million during the quarter. Equities research analysts expect that Citizens Holding will post $1.38 EPS for the current year.

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Citizens Holding Company Profile

Citizens Holding Company is a one-bank holding company of The Citizens Bank of Philadelphia, Mississippi (the Bank). Through its ownership of the Bank, the Company is engaged in a range of commercial and personal banking activities, including accepting demand deposits, savings and time deposit accounts, making secured and unsecured loans, issuing letters of credit, originating mortgage loans, and providing personal and corporate trust services.

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