Terry L. Lehman Buys 1,400 Shares of Citizens & Northern Co. (NASDAQ:CZNC) Stock

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) Director Terry L. Lehman acquired 1,400 shares of the stock in a transaction dated Tuesday, April 29th. The stock was acquired at an average cost of $18.70 per share, for a total transaction of $26,180.00. Following the purchase, the director now directly owns 28,237 shares in the company, valued at approximately $528,031.90. The trade was a 5.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Citizens & Northern Trading Down 0.6 %

CZNC traded down $0.11 during trading on Friday, reaching $19.12. The company had a trading volume of 33,461 shares, compared to its average volume of 28,910. 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 12-month low of $16.50 and a 12-month high of $22.68. The company has a market cap of $295.71 million, a price-to-earnings ratio of 11.31 and a beta of 0.40. The firm's 50-day simple moving average is $19.74 and its 200 day simple moving average is $19.86.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. The firm had revenue of $27.19 million during the quarter, compared to analysts' expectations of $28.30 million. Equities research analysts anticipate that Citizens & Northern Co. will post 1.91 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Sunday, May 4th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Friday, May 2nd. Citizens & Northern's dividend payout ratio is currently 64.00%.

Hedge Funds Weigh In On Citizens & Northern

Several institutional investors and hedge funds have recently bought and sold shares of CZNC. GAMMA Investing LLC boosted its holdings in shares of Citizens & Northern by 4,814.8% during the first quarter. GAMMA Investing LLC now owns 2,998 shares of the financial services provider's stock worth $60,000 after purchasing an additional 2,937 shares during the period. Squarepoint Ops LLC lifted its position in Citizens & Northern by 101.3% in the 4th quarter. Squarepoint Ops LLC now owns 22,719 shares of the financial services provider's stock worth $423,000 after buying an additional 11,431 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Citizens & Northern by 270.6% during the 4th 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. Deutsche Bank AG grew its holdings in shares of Citizens & Northern by 3.6% during the 4th quarter. Deutsche Bank AG now owns 14,566 shares of the financial services provider's stock valued at $271,000 after acquiring an additional 504 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Citizens & Northern by 13.1% in the fourth quarter. Bank of America Corp DE now owns 22,211 shares of the financial services provider's stock worth $413,000 after acquiring an additional 2,577 shares during the last quarter. Hedge funds and other institutional investors own 30.83% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Citizens & Northern from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

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.