Marshall Wace LLP Purchases Shares of 20,522 Citizens & Northern Co. (NASDAQ:CZNC)

Marshall Wace LLP acquired a new position in shares of Citizens & Northern Co. (NASDAQ:CZNC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,522 shares of the financial services provider's stock, valued at approximately $382,000. Marshall Wace LLP owned approximately 0.13% of Citizens & Northern as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Citizens & Northern during the third quarter valued at $37,000. SG Americas Securities LLC raised its position in shares of Citizens & Northern by 22.3% during the fourth quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock worth $118,000 after purchasing an additional 1,153 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Citizens & Northern by 24.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider's stock valued at $179,000 after purchasing an additional 1,900 shares in the last quarter. Barclays PLC grew its position in shares of Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock valued at $381,000 after purchasing an additional 14,418 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Citizens & Northern during the 4th quarter worth approximately $429,000. 30.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Terry L. Lehman acquired 1,400 shares of the stock in a transaction dated Tuesday, April 29th. The stock was bought at an average price of $18.70 per share, with a total value of $26,180.00. Following the completion of the purchase, the director now directly owns 28,237 shares of the company's stock, valued at $528,031.90. This represents a 5.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 2,210 shares of company stock worth $41,542. Corporate insiders own 4.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Citizens & Northern from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

Citizens & Northern Stock Down 0.8 %

Shares of CZNC traded down $0.15 during midday trading on Tuesday, hitting $18.92. The stock had a trading volume of 29,806 shares, compared to its average volume of 28,787. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $292.62 million, a price-to-earnings ratio of 11.20 and a beta of 0.53. The company has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $19.86. Citizens & Northern Co. has a twelve month low of $16.50 and a twelve month high of $22.68.

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). The company had revenue of $27.19 million for the quarter, compared to analyst estimates of $28.30 million. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. On average, analysts anticipate that Citizens & Northern Co. will post 1.91 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Sunday, May 4th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.92%. Citizens & Northern's dividend payout ratio (DPR) is currently 64.00%.

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.