Cutler Capital Management LLC raised its stake in shares of Citizens First Corp. (NASDAQ:CZFC) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,500 shares of the bank’s stock after purchasing an additional 3,500 shares during the quarter. Cutler Capital Management LLC owned approximately 2.31% of Citizens First worth $1,404,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CZFC. Delphi Management Inc. MA bought a new stake in shares of Citizens First during the 3rd quarter valued at $274,000. Salzhauer Michael bought a new position in Citizens First in the 3rd quarter worth about $238,000. Finally, Dimensional Fund Advisors LP boosted its stake in Citizens First by 52.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 20,616 shares of the bank’s stock worth $491,000 after purchasing an additional 7,122 shares in the last quarter. 29.18% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jeff Perkins acquired 2,725 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were acquired at an average cost of $24.48 per share, for a total transaction of $66,708.00. Following the completion of the acquisition, the director now directly owns 2,275 shares in the company, valued at approximately $55,692. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 4,682 shares of company stock worth $113,938. 12.30% of the stock is currently owned by company insiders.
Citizens First Corp. (NASDAQ:CZFC) opened at $23.80 on Friday. The stock has a market cap of $60.44, a PE ratio of 14.88 and a beta of 0.37. Citizens First Corp. has a one year low of $18.00 and a one year high of $26.38. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.06 and a quick ratio of 1.06.
Citizens First (NASDAQ:CZFC) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.37 earnings per share for the quarter. Citizens First had a net margin of 18.46% and a return on equity of 9.72%. The company had revenue of $4.93 million for the quarter.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, February 15th. Investors of record on Friday, February 2nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a dividend yield of 0.5%. Citizens First’s payout ratio is 15.00%.
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About Citizens First
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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