Is Citizens First Corporation (CZFC)’s Fuel Running High? The Stock Formed Wedge Up Chart Pattern

May 17, 2018 - By Duane Lopez

Citizens First Corporation (NASDAQ:CZFC) Logo

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 6.17, from 7 in 2017Q3. It fall, as 3 investors sold Citizens First Corporation shares while 3 reduced holdings. 1 funds opened positions while 4 raised stakes. 442,227 shares or 44.87% less from 802,126 shares in 2017Q3 were reported.
21,516 are held by Dimensional Fund Lp. Us Comml Bank De has invested 0% of its portfolio in Citizens First Corporation (NASDAQ:CZFC). Morgan Stanley reported 0% stake. Alliancebernstein Limited Partnership holds 65,784 shares. Salzhauer Michael owns 10,000 shares or 0.09% of their US portfolio. Deutsche Bank & Trust Ag reported 3,100 shares stake. Cutler Cap Ltd Liability Corp has 0.56% invested in Citizens First Corporation (NASDAQ:CZFC). Vanguard Gru owns 21,996 shares. 140,711 are owned by Gendell Jeffrey L. The Kentucky-based Hl Services Ltd Liability Corporation has invested 0.03% in Citizens First Corporation (NASDAQ:CZFC). Royal National Bank Of Canada reported 0% in Citizens First Corporation (NASDAQ:CZFC). The California-based California Employees Retirement System has invested 0% in Citizens First Corporation (NASDAQ:CZFC). Wells Fargo & Mn has invested 0% in Citizens First Corporation (NASDAQ:CZFC). Acadian Asset Ltd owns 2,014 shares or 0% of their US portfolio. Geode Capital Management Limited Liability owns 14,760 shares.

Since January 25, 2018, it had 6 insider buys, and 1 sale for $87,621 activity. $24,250 worth of Citizens First Corporation (NASDAQ:CZFC) shares were bought by Furlong Kent E.. Another trade for 485 shares valued at $11,543 was bought by Milliken Amy Hale. Another trade for 206 shares valued at $4,919 was bought by GRISE SARAH GLENN. $61,615 worth of stock was sold by LIVELY MARC R. on Monday, March 26. On Tuesday, January 30 the insider Perkins Jeff bought $66,713.

The stock of Citizens First Corporation (CZFC) formed an up wedge with $28.62 target or 8.00 % above today’s $26.50 share price. The 6 months wedge indicates low risk for the $67.26M company. If the $28.62 price target is reached, the company will be worth $5.38 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 5.12% or $1.29 during the last trading session, reaching $26.5. About 3,136 shares traded or 34.48% up from the average. Citizens First Corporation (NASDAQ:CZFC) has risen 38.89% since May 17, 2017 and is uptrending. It has outperformed by 27.34% the S&P500.

Citizens First Corporation operates as the bank holding firm for Citizens First Bank, Inc. that provides various banking services and products primarily to small and medium-sized businesses, and retail consumers. The company has market cap of $67.26 million. The firm offers a range of deposit services and products, including checking accounts, savings accounts, NOW accounts, money market accounts, sweep accounts, fixed and variable rate IRA accounts, Christmas Club accounts, and certificate of deposit accounts. It has a 16.51 P/E ratio. It provides various loan products, including secured and unsecured commercial loans; commercial real estate loans, such as loans secured by multi-family residential units, income-producing properties, and owner-occupied commercial properties; construction loans; and consumer loans comprising personal loans and lines of credit to clients for various purposes, including the purchase of automobiles, boats, and other recreational vehicles, as well as for home improvements and personal investments.

Citizens First Corporation (NASDAQ:CZFC) Institutional Positions Chart

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