Insider Buying: Citizens First Corporation (CZFC) Director Purchases 2,500 Shares of Stock
Citizens First Corporation (NASDAQ:CZFC) Director Mark Iverson purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was bought 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 directly owns 2,500 shares in the company, valued at approximately $59,375. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Citizens First Corporation (NASDAQ CZFC) traded up 0.21% during trading on Tuesday, hitting $23.65. 2,348 shares of the company were exchanged. The stock has a market capitalization of $59.74 million, a PE ratio of 14.17 and a beta of 0.40. Citizens First Corporation has a 1-year low of $16.15 and a 1-year high of $24.25. The company has a 50 day moving average of $23.50 and a 200-day moving average of $21.88.
Citizens First Corporation (NASDAQ:CZFC) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 EPS for the quarter. Citizens First Corporation had a return on equity of 10.98% and a net margin of 19.50%. The company had revenue of $4.79 million during the quarter.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, November 16th. Investors of record on Friday, October 27th will be issued a $0.10 dividend. This represents a yield of 0.84%. This is an increase from Citizens First Corporation’s previous semiannual dividend of $0.08. The ex-dividend date is Thursday, October 26th. Citizens First Corporation’s dividend payout ratio (DPR) is presently 9.64%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CZFC. Dimensional Fund Advisors LP increased its holdings in Citizens First Corporation by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 13,494 shares of the bank’s stock worth $304,000 after buying an additional 530 shares in the last quarter. Cutler Capital Management LLC increased its holdings in Citizens First Corporation by 39.1% in the 2nd quarter. Cutler Capital Management LLC now owns 40,325 shares of the bank’s stock worth $874,000 after buying an additional 11,325 shares in the last quarter. Finally, River Oaks Capital LLC increased its holdings in Citizens First Corporation by 1.7% in the 2nd quarter. River Oaks Capital LLC now owns 79,360 shares of the bank’s stock worth $1,753,000 after buying an additional 1,307 shares in the last quarter. Institutional investors own 23.67% of the company’s stock.
About Citizens First Corporation
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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