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

Key Points

• Citizens & Northern Corp stock recently >crossed above its 200-day moving average, reaching a high of $20.32 with a last trade at $20.13.
• The company reported Q2 earnings per share of $0.40, missing estimates by $0.07, but exceeded revenue expectations with $29.28 million.
• Citizens & Northern announced a quarterly dividend of $0.28 per share, resulting in an annualized dividend yield of 5.6%.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.55 and traded as high as $20.32. Citizens & Northern shares last traded at $20.13, with a volume of 16,137 shares changing hands.

Citizens & Northern Trading Down 0.6%

The firm has a market cap of $313.50 million, a P/E ratio of 11.54 and a beta of 0.58. The company has a 50 day moving average of $19.46 and a 200 day moving average of $19.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94.

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

Citizens & Northern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.12 annualized dividend and a dividend yield of 5.5%. Citizens & Northern's payout ratio is presently 64.00%.

Institutional Investors Weigh In On Citizens & Northern

Several institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. Stone House Investment Management LLC lifted its holdings in 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 purchasing an additional 48,074 shares during the last quarter. Millennium Management LLC lifted its holdings in Citizens & Northern by 270.6% in the 4th quarter. Millennium Management LLC now owns 40,704 shares of the financial services provider's stock worth $757,000 after purchasing an additional 29,722 shares during the last quarter. Marshall Wace LLP lifted its holdings in Citizens & Northern by 105.3% in the 2nd quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider's stock worth $1,096,000 after purchasing an additional 29,687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Citizens & Northern by 89.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,805 shares of the financial services provider's stock worth $881,000 after purchasing an additional 20,720 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Citizens & Northern in the 1st quarter worth approximately $324,000. 30.83% of the stock is currently owned by institutional investors and hedge funds.

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.