Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.15 and traded as high as $23.37. Citizens & Northern shares last traded at $23.08, with a volume of 53,644 shares.
Analyst Ratings Changes
A number of analysts have recently weighed in on CZNC shares. Zacks Research raised shares of Citizens & Northern from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Weiss Ratings downgraded shares of Citizens & Northern from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen cut Citizens & Northern from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.50.
Check Out Our Latest Report on Citizens & Northern
Citizens & Northern Stock Performance
The stock has a market capitalization of $413.52 million, a price-to-earnings ratio of 21.17 and a beta of 0.41. The company's 50-day simple moving average is $21.85 and its 200-day simple moving average is $22.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.56). The company had revenue of $36.90 million during the quarter, compared to analyst estimates of $35.60 million. Citizens & Northern had a net margin of 9.67% and a return on equity of 7.47%. On average, analysts expect that Citizens & Northern Corp will post 1.97 EPS for the current year.
Citizens & Northern Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 4.9%. Citizens & Northern's dividend payout ratio is 102.75%.
Institutional Trading of Citizens & Northern
Several large investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of Citizens & Northern in the 1st quarter valued at about $236,000. Jane Street Group LLC acquired a new stake in Citizens & Northern in the 1st quarter valued at $324,000. Rhumbline Advisers grew its position in Citizens & Northern by 7.5% in the 2nd quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider's stock valued at $430,000 after purchasing an additional 1,592 shares during the period. Marshall Wace LLP increased its stake in Citizens & Northern by 105.3% during the 2nd quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider's stock valued at $1,096,000 after purchasing an additional 29,687 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Citizens & Northern during the second quarter worth $58,000. Institutional investors and hedge funds own 30.83% of the company's stock.
Citizens & Northern Company Profile
(
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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.
Further Reading
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