20,522 Shares in Citizens & Northern Co. (NASDAQ:CZNC) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new stake in Citizens & Northern Co. (NASDAQ:CZNC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Citizens & Northern by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock worth $6,811,000 after purchasing an additional 4,243 shares during the last quarter. Citizens & Northern Corp lifted its holdings in Citizens & Northern by 3.2% in the fourth quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider's stock valued at $6,300,000 after buying an additional 10,392 shares during the period. Renaissance Technologies LLC grew its holdings in Citizens & Northern by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 59,865 shares of the financial services provider's stock worth $1,113,000 after acquiring an additional 6,224 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Citizens & Northern by 117.5% in the 4th quarter. JPMorgan Chase & Co. now owns 52,275 shares of the financial services provider's stock valued at $972,000 after purchasing an additional 28,243 shares during the period. Finally, Hudock Inc. grew its stake in shares of Citizens & Northern by 42.2% during the fourth quarter. Hudock Inc. now owns 46,235 shares of the financial services provider's stock worth $860,000 after purchasing an additional 13,712 shares during the period. Institutional investors own 30.83% of the company's stock.

Insiders Place Their Bets

In related news, Director Terry L. Lehman acquired 1,400 shares of the company's stock in a transaction dated 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 purchase, the director now directly owns 28,237 shares in the company, valued at approximately $528,031.90. This trade represents a 5.22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 2,210 shares of company stock valued at $41,542 in the last three months. 4.49% of the stock is currently owned by corporate insiders.

Citizens & Northern Price Performance

Shares of Citizens & Northern stock remained flat at $19.15 on Friday. 2,814 shares of the stock traded hands, compared to its average volume of 28,903. The company has a fifty day simple moving average of $19.58 and a 200-day simple moving average of $19.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick 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 capitalization of $296.17 million, a price-to-earnings ratio of 11.33 and a beta of 0.53.

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 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 firm had revenue of $27.19 million during the quarter, compared to the consensus estimate of $28.30 million. Equities analysts predict 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. Shareholders of record on Sunday, May 4th will be paid a $0.28 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.12 annualized dividend and a yield of 5.85%. Citizens & Northern's payout ratio is currently 64.00%.

Analyst Ratings Changes

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

About Citizens & Northern

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.