Citizens Holding Company Announces Statement of Material Changes in Beneficial Ownership of Securities

Rhea-AI Summary

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.

Positive

• CEO Stacy M. Brantley significantly increased his stake by purchasing 58,719 shares
• CFO Phillip R. Branch also invested in the company by acquiring 678 shares
• Insider buying often signals management's confidence in the company's future performance

Negative

• None.

PHILADELPHIA, Miss--(BUSINESS WIRE)-- Citizens Holding Company (the “Company”) (OTCQX:CIZN) today announced that Stacy M. Brantley, Chief Executive Officer, and Phillip R. Branch, Chief Financial Officer have recently purchased common stock in CIZN. As required by the Company’s insider trading policy, the purchases and total beneficial ownership after the purchases are listed below:

Name	Title of Security	Securities Acquired Amount	Price	Amount of Securities Beneficially Owned Following Reported Transaction	Ownership Form
Stacy M. Brantley	Common Stock	58,719	$7.86	93,719	Direct
Phillip R. Branch	Common Stock	678	$7.85	2,714	Direct

About Citizens Holding Company

Citizens Holding Company is a one-bank holding company and the parent company of The Citizens Bank of Philadelphia (“the Bank”), both headquartered in Philadelphia, Mississippi. The Bank currently has banking centers in fourteen counties throughout the state of Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through third party partnerships and a full range of Internet banking services including online banking, bill pay and cash management services for businesses. Internet services are available at the Bank website, www.thecitizensbankphila.com . Citizens Holding Company stock is listed on the OTCQX Best Market and is traded under the symbol CIZN. The Company's transfer agent is American Stock Transfer & Trust Company. Investor relations information may be obtained at the corporate website, https://www.thecitizensbankphila.com/investor-relations .

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release regarding the Company’s business strategies, plans, objectives and expectations for future operations, are forward-looking statements. The Company can give no assurances that the assumptions upon which such forward-looking statements are based will prove to have been correct. Forward-looking statements speak only as of the date they are made. The Company does not undertake a duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions. The risks and uncertainties that may affect the operation, performance, development and results of the Company’s and the Bank’s business include, but are not limited to, the following: (a) the risk of adverse changes in business conditions in the banking industry generally and in the specific markets in which the Company operates; (b) our ability to mitigate our risk exposures; (c) changes in the legislative and regulatory environment that negatively impact the Company and Bank through increased operating expenses; (d) increased competition from other financial institutions; (e) the impact of technological advances; (f) expectations about the movement of interest rates, including actions that may be taken by the Federal Reserve Board in response to changing economic conditions; (g) changes in asset quality and loan demand; (h) expectations about overall economic strength and the performance of the economics in the Company’s market area; and (i) other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. Should one or more of these risks materialize or should any such underlying assumptions prove to be significantly different, actual results may vary significantly from those anticipated, estimated, projected or expected.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240805893659/en/

Citizens Holding Company, Philadelphia

Phillip R. Branch, 601/519-4016

Phillip.branch@thecitizensbank.bank

Source: Citizens Holding Company

FAQ

How many shares did Citizens Holding Company (CIZN) CEO Stacy M. Brantley purchase?

CEO Stacy M. Brantley purchased 58,719 shares of Citizens Holding Company (CIZN) common stock at $7.86 per share.

What is the total beneficial ownership of CIZN stock by CEO Stacy M. Brantley after the recent purchase?

After the recent purchase, CEO Stacy M. Brantley's total beneficial ownership of Citizens Holding Company (CIZN) stock is 93,719 shares.

How many shares of CIZN did CFO Phillip R. Branch acquire in the recent transaction?

CFO Phillip R. Branch acquired 678 shares of Citizens Holding Company (CIZN) common stock at $7.85 per share.

What is the significance of these insider purchases for Citizens Holding Company (CIZN)?

These insider purchases by key executives often signal confidence in the company's future prospects and may be viewed positively by investors.