Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) Director Terry L. Lehman bought 1,400 shares of the stock in a transaction on Tuesday, April 29th. The shares were bought at an average price of $18.70 per share, for a total transaction of $26,180.00. Following the acquisition, the director now owns 28,237 shares in the company, valued at $528,031.90. The trade was a 5.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Citizens & Northern Trading Up 1.1 %
NASDAQ CZNC traded up $0.20 during mid-day trading on Friday, reaching $19.15. 19,473 shares of the stock were exchanged, compared to its average volume of 28,964. The stock has a market capitalization of $296.17 million, a PE ratio of 11.33 and a beta of 0.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. Citizens & Northern Co. has a 1-year low of $16.50 and a 1-year high of $22.68. The business's fifty day simple moving average is $19.77 and its 200 day simple moving average is $19.86.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings data 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). Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. The business had revenue of $27.19 million during the quarter, compared to analysts' expectations of $28.30 million. On average, research analysts anticipate that Citizens & Northern Co. will post 1.91 earnings per share for the current fiscal year.
Citizens & Northern Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Sunday, May 4th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.12 annualized dividend and a dividend yield of 5.85%. Citizens & Northern's dividend payout ratio is presently 64.00%.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Citizens & Northern from a "buy" rating to a "hold" rating in a report on Friday, February 28th.
Read Our Latest Stock Analysis on Citizens & Northern
Hedge Funds Weigh In On Citizens & Northern
Several institutional investors and hedge funds have recently bought and sold shares of CZNC. Barclays PLC increased its holdings in shares of Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock worth $381,000 after buying an additional 14,418 shares during the last quarter. Geode Capital Management LLC grew its position in Citizens & Northern by 1.2% during the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock valued at $6,811,000 after acquiring an additional 4,243 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Citizens & Northern during the third quarter worth about $37,000. JPMorgan Chase & Co. raised its holdings in shares of Citizens & Northern by 186.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider's stock worth $473,000 after purchasing an additional 15,637 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Citizens & Northern by 22.3% in the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 1,153 shares in the last quarter. Institutional investors and hedge funds own 30.83% of the company's stock.
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.
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