Welcome to our dedicated page for Citizens Holding news (Ticker: CIZN), a resource for investors and traders seeking the latest updates and insights on Citizens Holding stock.
Citizens Holding Company (OTCQX: CIZN) is a one-bank holding company and the parent of The Citizens Bank of Philadelphia, both headquartered in Philadelphia, Mississippi. As a commercial banking organization with banking centers in fourteen counties across Mississippi, it regularly issues updates that are relevant to investors, depositors, and community stakeholders.
News about Citizens Holding Company often centers on its financial performance and strategic balance sheet decisions. Earnings releases provide detail on net income, net interest margin, loan growth, deposits, credit quality, noninterest income, and noninterest expense. Management commentary in these releases explains how loan growth, funding costs, and provisions for credit losses are affecting profitability and capital.
Another key category of news involves the company’s dividend actions. Citizens Holding Company has announced quarterly cash dividends on its common stock and has also communicated changes to its dividend level, including curtailments and a suspension of the quarterly cash dividend as part of efforts to support growth and capital strength. These announcements help shareholders understand the company’s approach to capital management and returning value.
The company also publishes statements of material changes in beneficial ownership of securities. These items disclose purchases of CIZN common stock by senior executives and directors, including the number of shares acquired, purchase prices, and total beneficial ownership after the transactions, as required by its insider trading policy. Such disclosures give insight into insider confidence and ownership trends.
By following this news feed, readers can review Citizens Holding Company’s earnings reports, dividend decisions, insider share purchases, and other corporate communications in one place. This provides a consolidated view of how the company’s commercial banking operations, capital decisions, and governance-related activities evolve over time.
Citizens Holding Company (OTCQX:CIZN) reported significant financial improvements for Q4 2024. Net income reached $1,318 ($0.23 per share), showing a 314.47% increase from Q3 2024 and a 265.99% improvement from Q4 2023. The company's annual net income for 2024 was $5,491 ($0.98 per share), up 196.19% from 2023.
Key highlights include:
- Total loans held for investment increased 19.33% year-over-year to $766,129
- Net interest margin improved to 277 basis points
- Total revenues increased 35.24% to $78,483 for 2024
- The company maintained a quarterly dividend of $0.16 per share, yielding approximately 6.5%
The company's strategic focus on loan growth and talent investment contributed to these results, with management expressing confidence in continued growth for 2025. Despite challenging deposit conditions in 2024, the company maintains strong capital positions and liquidity, with multiple funding sources available.
Citizens Holding Company (OTCQX:CIZN) announced a quarterly dividend of $0.16 per share on its common stock. The dividend is payable on December 31, 2024, to shareholders of record as of December 16, 2024.
CEO Stacy Brantley highlighted the dividend as a reflection of the company's strong capital position and commitment to returning value to shareholders. At $0.16 per share, the dividend yield is approximately 7%.
Citizens Holding Company (OTCQX:CIZN) reported Q3 2024 net income of $318,000 ($0.06 per share), showing a 67.78% decrease from Q2 2024's $987,000 and a 73.65% decrease from Q3 2023's $1.2 million. However, nine-month earnings reached $4.17 million ($0.74 per share), up 57.65% from 2023.
Key highlights include: total loans increased 4.76% to $711.5 million quarter-over-quarter; net interest margin rose to 252 basis points; and total revenues for nine months grew 37.65% to $58.9 million. The company executed a strategic securities portfolio sale, recognizing a pre-tax loss of $988,000 while reinvesting in floating rate securities yielding 6.40%.
The bank maintains strong capital ratios and a quarterly dividend of $0.16 per share, representing approximately 7% yield.
Citizens Holding Company (OTCQX:CIZN) has declared a quarterly dividend of $0.16 per share on its common stock. The dividend is payable on September 30, 2024, to shareholders of record as of September 16, 2024. CEO Stacy Brantley emphasized the company's commitment to returning value to shareholders. With this dividend, the Company's dividend yield is approximately 7%, reflecting its strong capital position. This announcement demonstrates Citizens Holding Company's continued focus on providing returns to its investors while maintaining financial stability.
Citizens Holding Company (OTCQX:CIZN) has announced a significant change in beneficial ownership of its securities. Director Vincent Craig Dungan has recently purchased 11,068 shares of common stock at a price of $9.00 per share. Following this transaction, Dungan's total beneficial ownership has increased to 112,192 shares, held in direct form. This purchase aligns with the company's insider trading policy, which requires disclosure of such transactions.
The acquisition by a company director may be seen as a positive signal, potentially indicating confidence in the company's future prospects. However, investors should always conduct their own research and consider multiple factors when making investment decisions.
Citizens Holding Company (OTCQX:CIZN) has announced significant insider purchases of common stock by key executives. CEO Stacy M. Brantley acquired 58,719 shares at $7.86 per share, increasing his total beneficial ownership to 93,719 shares. CFO Phillip R. Branch purchased 678 shares at $7.85 per share, bringing his total ownership to 2,714 shares. These transactions, reported in compliance with the company's insider trading policy, demonstrate a strong vote of confidence in the company's future prospects by its top leadership.
Citizens Holding Company (OTCQX:CIZN) reported financial results for the three and six months ending June 30, 2024. Net income for Q2 2024 was $987K ($0.18 per share), a 65.59% decrease from Q1 2024. However, it marked a 228.93% increase over Q2 2023. Net income for the first half of 2024 totaled $3.86 million, up 167.73% from the same period in 2023.
Key Highlights:
- Total Loans: Increased by 1.76% from Q1 2024 and 18.31% from Q2 2023, reaching $672.4 million.
- Net Interest Margin: Rose to 2.56% in Q2 2024, up from 2.40% in Q1 2024.
- Total Revenue: $40.4 million for the first half of 2024, a 50.63% increase from 2023.
- Book Value: Increased by 2.30% from Q1 2024 and 16.23% from Q2 2023.
CEO Stacy Brantley highlighted strong loan growth and strategic balance sheet management as key drivers. The company also invested in securities and executed a $15M securities swap to hedge rising interest rates. Despite pressures on deposits, the company remains well-capitalized with a tier 1 leverage ratio of 7.16%.
Citizens Holding Company (OTCQX:CIZN) has announced a quarterly dividend of $0.16 per share on its common stock, payable on June 28, 2024, to shareholders of record as of June 14, 2024. The dividend yield stands at approximately 8%, indicating a strong capital position and the company's commitment to returning value to its shareholders. CEO Stacy Brantley highlighted the importance of this dividend in reflecting the company's ongoing commitment to its investors.
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