Time to Sell Citizens First Corporation (CZFC) After The Completion of This Bearish Ascending Triangle Chart Pattern?

September 8, 2018 - By Matthew Richard

Citizens First Corporation (NASDAQ:CZFC) Logo

Investors sentiment increased to 1.5 in Q1 2018. Its up 0.67, from 0.83 in 2017Q4. It increased, as 0 investors sold Citizens First Corporation shares while 4 reduced holdings. 0 funds opened positions while 6 raised stakes. 441,129 shares or 0.25% less from 442,227 shares in 2017Q4 were reported.
Vanguard Grp invested in 0% or 25,201 shares. Salzhauer Michael holds 0.19% or 20,000 shares in its portfolio. Dimensional Fund Advsr L P has invested 0% of its portfolio in Citizens First Corporation (NASDAQ:CZFC). Wells Fargo Mn accumulated 0% or 772 shares. Deutsche Natl Bank Ag invested 0% in Citizens First Corporation (NASDAQ:CZFC). Geode Cap Mngmt Llc reported 0% of its portfolio in Citizens First Corporation (NASDAQ:CZFC). Acadian Asset Management Ltd has invested 0% in Citizens First Corporation (NASDAQ:CZFC). Gendell Jeffrey L owns 103,978 shares. Cutler Mgmt Llc stated it has 59,210 shares. 11,600 were accumulated by California Public Employees Retirement Sys. Morgan Stanley reported 376 shares stake. Royal Financial Bank Of Canada accumulated 1 shares. Us Fincl Bank De accumulated 28,275 shares. Blackrock reported 0% of its portfolio in Citizens First Corporation (NASDAQ:CZFC). Alliancebernstein Lp holds 0% or 77,750 shares.

Since March 26, 2018, it had 0 insider buys, and 1 sale for $61,615 activity.

The stock of Citizens First Corporation (CZFC) formed an ascending triangle with $23.89 target or 9.00 % below today’s $26.25 share price. The 8 months triangle pattern indicates high risk for the $66.61M company. If the $23.89 price target is reached, the company will be worth $6.00M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

It closed at $26.25 lastly. It is down 30.23% since September 8, 2017 and is uptrending. It has outperformed by 17.66% 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 $66.61 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 14.71 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.