CITZNS HOLDINGS CO MISS - CIZN STOCK NEWS

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.

Citizens Holding Company (CIZN) reported strong financial results for the first quarter of 2024, with a significant increase in net income, total revenues, and non-interest income. The company's loans held for investment and total deposits also showed positive growth. CEO Stacy Brantley highlighted strategic transactions aimed at improving net interest income and balance sheet strength. Despite solid performance, the shift from non-interest bearing to interest-bearing deposits poses margin expansion challenges. Credit quality remained robust, with a decrease in non-performing assets. The company's liquidity and capital position are strong, with reliance on wholesale funding. Overall, Citizens Holding Company demonstrated resilience and strategic focus in a challenging banking environment.

Citizens Holding Company reported strong financial performance in the first quarter of 2024, with a significant increase in net income and total revenues. The company's net income rose to $2,868, or $0.51 per share, a substantial improvement from the previous quarter. Total revenues reached $21,213, driven by a one-time gain on a sale-leaseback transaction. Loans held for investment increased, reflecting the company's strong liquidity position. Credit quality remained solid, with a decrease in non-performing assets. The CEO highlighted strategic transactions to enhance net interest income and balance sheet stability. Despite challenges in margin expansion due to shifting deposit trends, the company anticipates continued growth and value creation for shareholders.

Citizens Holding Company (CIZN) declares a quarterly dividend of $0.16 per share, with a dividend yield of approximately 8%. The dividend is payable on March 29, 2024, to shareholders of record as of March 14, 2024, showcasing the company's commitment to value return.