Citizens & Northern (NASDAQ:CZNC) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Price action: Shares crossed above the 200‑day moving average (200‑day MA $20.89), trading as high as $22.16 and last at $22.12 on volume of 21,076 shares.
• Analyst view: The consensus rating is a Hold (one Buy, three Holds) with an average price target of $23.50 after recent mixed analyst updates.
• Income profile: The stock yields 5.1% (annualized $1.12) with a dividend payout ratio of about 75.7%, indicating a high yield but a substantial payout relative to earnings.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.89 and traded as high as $22.16. Citizens & Northern shares last traded at $22.12, with a volume of 21,076 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research lowered Citizens & Northern from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Piper Sandler boosted their price target on shares of Citizens & Northern from $22.50 to $23.50 and gave the stock a "neutral" rating in a research note on Thursday, January 29th. Finally, Weiss Ratings raised shares of Citizens & Northern from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Citizens & Northern has a consensus rating of "Hold" and an average target price of $23.50.

Citizens & Northern Stock Up 0.4%

The business has a 50-day moving average price of $22.54 and a two-hundred day moving average price of $20.89. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market cap of $396.17 million, a PE ratio of 14.95 and a beta of 0.54.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. Citizens & Northern had a return on equity of 9.79% and a net margin of 13.75%.The firm had revenue of $64.78 million during the quarter. On average, equities research analysts expect that Citizens & Northern Corp will post 1.91 EPS for the current year.

Citizens & Northern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 5.1%. Citizens & Northern's dividend payout ratio (DPR) is currently 75.68%.

Hedge Funds Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Citizens & Northern by 2.3% in the third quarter. Vanguard Group Inc. now owns 823,059 shares of the financial services provider's stock valued at $16,305,000 after acquiring an additional 18,165 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Citizens & Northern by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 604,257 shares of the financial services provider's stock worth $12,188,000 after acquiring an additional 18,510 shares in the last quarter. Geode Capital Management LLC grew its holdings in Citizens & Northern by 13.8% during the 4th quarter. Geode Capital Management LLC now owns 416,153 shares of the financial services provider's stock worth $8,396,000 after acquiring an additional 50,343 shares in the last quarter. Citizens & Northern Corp increased its position in shares of Citizens & Northern by 12.6% in the 4th quarter. Citizens & Northern Corp now owns 361,412 shares of the financial services provider's stock valued at $7,290,000 after purchasing an additional 40,323 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Citizens & Northern by 1.5% in the 4th quarter. State Street Corp now owns 322,819 shares of the financial services provider's stock valued at $6,511,000 after purchasing an additional 4,806 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.

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