Citizens & Northern (NASDAQ:CZNC) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.61 and traded as high as $20.20. Citizens & Northern shares last traded at $19.88, with a volume of 22,008 shares changing hands.

Citizens & Northern Trading Down 1.7%

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $307.94 million, a price-to-earnings ratio of 11.36 and a beta of 0.49. The business has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $19.61.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Citizens & Northern had a net margin of 16.92% and a return on equity of 9.80%. The business had revenue of $27.19 million during the quarter, compared to analyst estimates of $28.30 million. As a group, equities analysts expect that Citizens & Northern Corp will post 1.91 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Sunday, May 4th were paid a $0.28 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 5.63%. Citizens & Northern's payout ratio is 64.00%.

Insider Transactions at Citizens & Northern

In other Citizens & Northern news, Director Terry L. Lehman bought 1,400 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average cost of $18.70 per share, with a total value of $26,180.00. Following the completion of the purchase, the director owned 28,237 shares in the company, valued at approximately $528,031.90. The trade was a 5.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 1,860 shares of company stock valued at $35,045 over the last ninety days. 4.49% of the stock is currently owned by insiders.

Institutional Trading of Citizens & Northern

A number of institutional investors have recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of Citizens & Northern by 3.6% in the fourth quarter. Deutsche Bank AG now owns 14,566 shares of the financial services provider's stock valued at $271,000 after purchasing an additional 504 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Citizens & Northern by 28.7% in the fourth quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 918 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Citizens & Northern by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 42,672 shares of the financial services provider's stock worth $859,000 after acquiring an additional 1,547 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Citizens & Northern by 24.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider's stock worth $179,000 after acquiring an additional 1,900 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Citizens & Northern by 33.1% during the fourth quarter. MetLife Investment Management LLC now owns 10,101 shares of the financial services provider's stock worth $188,000 after acquiring an additional 2,512 shares in the last quarter. 30.83% of the stock is currently owned by institutional investors.

Citizens & Northern Company Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm's lending products include mortgage loans, commercial loans, and consumer loans.