Citizens & Northern Co. (NASDAQ:CZNC – Get Rating) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 194,100 shares, a decline of 8.1% from the August 15th total of 211,100 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 12.7 days. Approximately 1.3% of the shares of the stock are sold short.
Citizens & Northern Trading Down 3.3 %
Shares of CZNC stock opened at $23.94 on Tuesday. The stock’s 50-day moving average price is $24.45 and its 200-day moving average price is $24.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. Citizens & Northern has a 12-month low of $23.21 and a 12-month high of $27.99. The stock has a market capitalization of $370.90 million, a price-to-earnings ratio of 12.94 and a beta of 0.39.
Citizens & Northern Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 1st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.12 annualized dividend and a yield of 4.68%. Citizens & Northern’s payout ratio is currently 60.54%.
Institutional Investors Weigh In On Citizens & Northern
Citizens & Northern Company Profile
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers. The company offers lending products include commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit; and deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits.
- Get a free copy of the StockNews.com research report on Citizens & Northern (CZNC)
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