Citizens & Northern (NASDAQ:CZNC) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Citizens & Northern shares rose above their 200-day moving average, trading as high as $26.25 and closing near $25.98, compared with the $22.76 long-term average.
• Analyst sentiment improved, with several firms issuing upgrades, but the overall consensus remains “Hold” with a $23.50 price target—below the current share price.
• The company exceeded quarterly earnings and revenue expectations, reporting $0.79 EPS and $39.65 million in revenue, while maintaining a quarterly dividend of $0.28, equivalent to a 4.3% yield.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.76 and traded as high as $26.25. Citizens & Northern shares last traded at $25.98, with a volume of 78,088 shares trading hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research raised Citizens & Northern from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Wall Street Zen raised shares of Citizens & Northern from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Weiss Ratings upgraded shares of Citizens & Northern from a "hold (c+)" rating to a "buy (b)" rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.50.

Citizens & Northern Price Performance

The firm has a fifty day moving average price of $23.54 and a two-hundred day moving average price of $22.76. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $465.82 million, a P/E ratio of 17.55 and a beta of 0.40.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.16. Citizens & Northern had a net margin of 13.28% and a return on equity of 9.54%. The company had revenue of $39.65 million for the quarter, compared to analysts' expectations of $38.60 million. On average, analysts expect that Citizens & Northern Corp will post 2.17 EPS for the current year.

Citizens & Northern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.12 annualized dividend and a yield of 4.3%. Citizens & Northern's payout ratio is 75.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Citizens & Northern by 521.1% during the third quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 1,433 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Citizens & Northern by 71.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider's stock worth $36,000 after acquiring an additional 749 shares during the last quarter. Legal & General Group Plc bought a new position in Citizens & Northern in the 2nd quarter valued at approximately $42,000. Raymond James Financial Inc. bought a new position in Citizens & Northern in the 2nd quarter valued at approximately $58,000. Finally, Tower Research Capital LLC TRC lifted its position in Citizens & Northern by 596.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 2,939 shares in the last quarter. Institutional investors own 30.83% of the company's stock.

Citizens & Northern Company Profile

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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