Citizens & Northern (NASDAQ:CZNC) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Citizens & Northern Corp shares have surpassed their 200-day moving average, trading at $20.55 with a volume of 41,306 shares.
• The company reported $0.40 earnings per share (EPS) for the last quarter, missing estimates by $0.07, alongside a net margin of 16.77% and revenue of $29.28 million.
• Recently, a quarterly dividend of $0.28 per share was declared, which signifies a 5.5% yield and a payout ratio of 64%.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.43 and traded as high as $20.62. Citizens & Northern shares last traded at $20.55, with a volume of 41,306 shares trading hands.

Citizens & Northern Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $310.09 million, a P/E ratio of 11.42 and a beta of 0.58. The company's 50 day moving average is $19.63 and its 200 day moving average is $19.41.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07). Citizens & Northern had a return on equity of 9.60% and a net margin of 16.77%.The company had revenue of $29.28 million for the quarter, compared to analyst estimates of $27.70 million. As a group, equities analysts predict that Citizens & Northern Corp will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, August 4th. Citizens & Northern's dividend payout ratio (DPR) is presently 64.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CZNC. Stone House Investment Management LLC raised its position in shares of Citizens & Northern by 95.1% in 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 acquiring an additional 48,074 shares in the last quarter. Millennium Management LLC lifted its stake in Citizens & Northern by 270.6% in the fourth quarter. Millennium Management LLC now owns 40,704 shares of the financial services provider's stock valued at $757,000 after buying an additional 29,722 shares during the period. Marshall Wace LLP increased its stake in shares of Citizens & Northern by 105.3% in the 2nd quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider's stock valued at $1,096,000 after acquiring an additional 29,687 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Citizens & Northern by 89.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,805 shares of the financial services provider's stock valued at $881,000 after acquiring an additional 20,720 shares during the period. Finally, Jane Street Group LLC bought a new position in Citizens & Northern during the first quarter worth $324,000. Institutional investors own 30.83% of the company's stock.

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.