Citizens & Northern (NASDAQ:CZNC) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Citizens & Northern shares rose above their 200-day moving average, reaching $25.91 and last trading at $25.76, compared with a 200-day average of $23.26.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $23.50 price target, despite recent upgrades from Weiss Ratings and Zacks Research.
• The company reported quarterly EPS of $0.79, beating estimates by $0.16, and maintains a quarterly dividend of $0.28 per share, equivalent to a 4.3% annual yield.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.26 and traded as high as $25.91. Citizens & Northern shares last traded at $25.76, with a volume of 38,964 shares.

Analyst Ratings Changes

Several brokerages recently commented on CZNC. Weiss Ratings raised shares of Citizens & Northern from a "hold (c+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of Citizens & Northern from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered Citizens & Northern from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 13th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Citizens & Northern currently has a consensus rating of "Hold" and a consensus price target of $23.50.

Citizens & Northern Trading Down 0.2%

The firm has a 50-day moving average of $25.25 and a 200 day moving average of $23.26. The company has a market cap of $461.88 million, a P/E ratio of 17.41 and a beta of 0.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.16. The company had revenue of $39.65 million for the quarter, compared to analysts' expectations of $38.60 million. Citizens & Northern had a net margin of 13.28% and a return on equity of 9.54%. On average, analysts predict that Citizens & Northern Corp will post 2.17 earnings per share for the current fiscal year.

Citizens & Northern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, August 3rd. Citizens & Northern's payout ratio is presently 75.68%.

Institutional Investors Weigh In On Citizens & Northern

Several hedge funds have recently bought and sold shares of CZNC. BlackRock Inc. bought a new stake in Citizens & Northern in the 2nd quarter worth about $31,685,000. Dimensional Fund Advisors LP boosted its holdings in Citizens & Northern by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 620,287 shares of the financial services provider's stock worth $13,857,000 after purchasing an additional 16,030 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Citizens & Northern in the 2nd quarter worth approximately $2,859,000. Segall Bryant & Hamill LLC bought a new stake in Citizens & Northern in the 1st quarter worth approximately $1,498,000. Finally, Renaissance Technologies LLC lifted its holdings in Citizens & Northern by 1.1% in the first quarter. Renaissance Technologies LLC now owns 53,441 shares of the financial services provider's stock valued at $1,194,000 after acquiring an additional 586 shares during the period. Institutional investors own 30.83% of the company's stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation is a bank holding company headquartered in Wellsboro, Pennsylvania. Its principal subsidiary, Citizens & Northern Bank, provides community banking services to individuals, businesses, nonprofit organizations and municipalities.

The bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial loans, agricultural financing and other credit products. It also provides electronic and digital banking, cash-management services, trust and fiduciary services, investment services and insurance-related products.

Founded in 1864, Citizens & Northern has a long history of serving communities in north-central Pennsylvania and the Southern Tier of New York.

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