Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.
Citizens & Northern Stock Down 2.8%
The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $19.09 and a 200-day moving average price of $19.63. The firm has a market capitalization of $301.44 million, a PE ratio of 11.12 and a beta of 0.49.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The firm had revenue of $27.19 million for the quarter, compared to analyst estimates of $28.30 million. Citizens & Northern had a return on equity of 9.80% and a net margin of 16.92%. Equities research analysts forecast that Citizens & Northern Corp will post 1.91 earnings per share for the current fiscal year.
Citizens & Northern Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Sunday, May 4th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 5.76%. Citizens & Northern's payout ratio is currently 64.00%.
Insider Activity at Citizens & Northern
In related news, Director Terry L. Lehman bought 1,400 shares of Citizens & Northern stock in a transaction that occurred on Tuesday, April 29th. The shares were purchased at an average price of $18.70 per share, with a total value of $26,180.00. Following the purchase, the director owned 28,237 shares in the company, valued at $528,031.90. This represents a 5.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 1,860 shares of company stock worth $35,045. 4.49% of the stock is owned by insiders.
Institutional Investors Weigh In On Citizens & Northern
Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in Citizens & Northern in the 1st quarter valued at about $324,000. Empowered Funds LLC acquired a new position in Citizens & Northern during the first quarter worth $236,000. Stone House Investment Management LLC lifted its stake in shares of Citizens & Northern by 95.1% during the 1st quarter. Stone House Investment Management LLC now owns 98,639 shares of the financial services provider's stock worth $1,985,000 after buying an additional 48,074 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Citizens & Northern by 89.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,805 shares of the financial services provider's stock worth $881,000 after acquiring an additional 20,720 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Citizens & Northern by 3.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 42,672 shares of the financial services provider's stock valued at $859,000 after buying an additional 1,547 shares during the period. 30.83% of the stock is currently owned by hedge funds and other institutional investors.
About Citizens & Northern
(
Get Free Report)
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.
Recommended Stories
Before you consider Citizens & Northern, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citizens & Northern wasn't on the list.
While Citizens & Northern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
