Citizens (NYSE:CIA) Issues Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Citizens missed quarterly earnings expectations: The company reported EPS of $0.01, $0.06 below the $0.07 consensus estimate, while revenue of $61.90 million also fell short of the expected $63.85 million.
• Shares declined sharply: CIA traded down $0.76 to $3.81, near its 52-week low of $3.72, with trading volume substantially above its average.
• Investor sentiment remains cautious: Analysts maintain a consensus “Hold” rating, although CEO Jon Stenberg purchased 10,000 shares and institutional investors own 13.73% of the stock.

Citizens (NYSE:CIA - Get Free Report) posted its quarterly earnings data on Thursday. The insurance provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06), FiscalAI reports. The company had revenue of $61.90 million for the quarter, compared to analysts' expectations of $63.85 million. Citizens had a return on equity of 7.21% and a net margin of 7.12%.

Citizens Price Performance

Shares of CIA traded down $0.76 during trading hours on Friday, hitting $3.81. The company's stock had a trading volume of 395,286 shares, compared to its average volume of 105,677. The business has a 50 day simple moving average of $5.39 and a two-hundred day simple moving average of $5.37. The company has a market cap of $191.59 million, a price-to-earnings ratio of 10.88 and a beta of 0.48. Citizens has a 52-week low of $3.72 and a 52-week high of $6.54.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Citizens from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Insider Activity

In related news, CEO Jon Stenberg bought 10,000 shares of Citizens stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $4.82 per share, with a total value of $48,200.00. Following the acquisition, the chief executive officer directly owned 327,574 shares of the company's stock, valued at $1,578,906.68. This represents a 3.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Citizens

Several hedge funds have recently bought and sold shares of CIA. Vanguard Group Inc. lifted its stake in Citizens by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,441,277 shares of the insurance provider's stock worth $12,817,000 after purchasing an additional 21,783 shares in the last quarter. Continental General Insurance Co. grew its position in shares of Citizens by 34.8% during the 4th quarter. Continental General Insurance Co. now owns 2,176,694 shares of the insurance provider's stock valued at $10,513,000 after purchasing an additional 562,419 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Citizens by 118.0% in the second quarter. Geode Capital Management LLC now owns 1,032,234 shares of the insurance provider's stock worth $3,603,000 after purchasing an additional 558,840 shares during the period. State Street Corp increased its holdings in shares of Citizens by 7.6% in the fourth quarter. State Street Corp now owns 617,732 shares of the insurance provider's stock worth $2,984,000 after purchasing an additional 43,826 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in shares of Citizens by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 473,232 shares of the insurance provider's stock worth $2,286,000 after buying an additional 21,963 shares in the last quarter. Hedge funds and other institutional investors own 13.73% of the company's stock.

About Citizens

Citizens, Inc NYSE: CIA is a bank holding company headquartered in Conway, Arkansas. Through its wholly owned subsidiary, Citizens Bank of Northern Arkansas, the company provides commercial and consumer banking services to individuals, small businesses and corporate clients across Northern and Central Arkansas.

Citizens offers a range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside lending solutions such as residential mortgages, commercial real estate loans and consumer installment loans.

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