Citizens First Corporation (NASDAQ:CZFC) Director Mark Iverson bought 2,500 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was purchased at an average cost of $23.75 per share, for a total transaction of $59,375.00. Following the completion of the acquisition, the director now owns 2,500 shares in the company, valued at $59,375. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Citizens First Corporation (NASDAQ:CZFC) opened at 23.60 on Friday. The company’s 50 day moving average is $23.54 and its 200 day moving average is $21.92. The company has a market capitalization of $59.61 million, a price-to-earnings ratio of 14.14 and a beta of 0.40. Citizens First Corporation has a one year low of $16.77 and a one year high of $24.25.
Citizens First Corporation (NASDAQ:CZFC) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 earnings per share for the quarter. The company had revenue of $4.79 million for the quarter. Citizens First Corporation had a net margin of 19.50% and a return on equity of 10.98%.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, November 16th. Investors of record on Friday, October 27th will be given a $0.10 dividend. This represents a dividend yield of 0.84%. This is a boost from Citizens First Corporation’s previous semiannual dividend of $0.08. The ex-dividend date of this dividend is Thursday, October 26th. Citizens First Corporation’s dividend payout ratio is 9.64%.
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Several hedge funds have recently bought and sold shares of CZFC. Cutler Capital Management LLC increased its position in shares of Citizens First Corporation by 39.1% in the second 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 during the last quarter. River Oaks Capital LLC increased its position in shares of Citizens First Corporation by 1.7% in the second 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Citizens First Corporation by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 13,494 shares of the bank’s stock worth $304,000 after purchasing an additional 530 shares during the last quarter. Institutional investors own 23.67% of the company’s stock.
Citizens First Corporation Company Profile
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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