Cutler Capital Management LLC increased its stake in shares of Citizens First Corp. (NASDAQ:CZFC) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,500 shares of the bank’s stock after acquiring an additional 3,500 shares during the period. Cutler Capital Management LLC owned about 2.31% of Citizens First worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Salzhauer Michael purchased a new position in Citizens First during the third quarter worth approximately $238,000. Delphi Management Inc. MA purchased a new position in Citizens First during the third quarter worth approximately $274,000. Finally, Dimensional Fund Advisors LP boosted its position in Citizens First by 4.1% during 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 in the last quarter. 26.69% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jeff Perkins bought 2,725 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $66,708.00. Following the completion of the transaction, the director now directly owns 2,275 shares in the company, valued at approximately $55,692. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 4,682 shares of company stock worth $113,938. Company insiders own 12.30% of the company’s stock.
Shares of Citizens First Corp. (CZFC) traded up $0.29 during mid-day trading on Friday, reaching $23.99. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 5,466. The stock has a market capitalization of $59.88, a P/E ratio of 14.99 and a beta of 0.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.99. Citizens First Corp. has a 52 week low of $18.00 and a 52 week high of $26.38.
Citizens First (NASDAQ:CZFC) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $4.93 million for the quarter. Citizens First had a return on equity of 9.72% and a net margin of 18.46%.
The company also recently announced a semiannual dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, February 2nd were given a $0.06 dividend. The ex-dividend date was Thursday, February 1st. This represents a dividend yield of 0.5%. Citizens First’s dividend payout ratio (DPR) is presently 15.00%.
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Citizens First 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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