Citizens & Northern (NASDAQ:CZNC) Stock Rating Reaffirmed by Piper Sandler

Piper Sandler reiterated their neutral rating on shares of Citizens & Northern (NASDAQ:CZNCGet Rating) in a research report sent to investors on Thursday, The Fly reports. The brokerage currently has a $26.00 price objective on the financial services provider’s stock.

Separately, StockNews.com started coverage on Citizens & Northern in a research note on Wednesday, October 12th. They set a hold rating on the stock.

Citizens & Northern Stock Up 0.1 %

CZNC opened at $24.55 on Thursday. The stock has a market cap of $380.53 million, a PE ratio of 14.70 and a beta of 0.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.40. Citizens & Northern has a 52 week low of $22.90 and a 52 week high of $27.50. The business’s fifty day simple moving average is $24.01 and its 200 day simple moving average is $24.23.

Citizens & Northern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Monday, October 31st were paid a dividend of $0.28 per share. The ex-dividend date was Friday, October 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.56%. Citizens & Northern’s dividend payout ratio (DPR) is currently 67.07%.

Institutional Trading of Citizens & Northern

Large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can grew its stake in shares of Citizens & Northern by 180.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,098 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 707 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Citizens & Northern in the first quarter worth about $45,000. UBS Group AG grew its stake in shares of Citizens & Northern by 66.2% in the third quarter. UBS Group AG now owns 2,122 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 845 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Citizens & Northern in the third quarter worth about $53,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Citizens & Northern by 35.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,528 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 932 shares during the last quarter. 28.30% of the stock is owned by institutional investors.

About Citizens & Northern

(Get Rating)

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.

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