Citizens & Northern (NASDAQ:CZNC) Stock Price Passes Above 200-Day Moving Average of $24.24

Shares of Citizens & Northern Co. (NASDAQ:CZNCGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.24 and traded as high as $24.57. Citizens & Northern shares last traded at $24.49, with a volume of 5,691 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CZNC shares. Piper Sandler restated a “neutral” rating and issued a $26.00 price target on shares of Citizens & Northern in a research report on Thursday, November 17th. StockNews.com started coverage on Citizens & Northern in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Citizens & Northern Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $379.60 million, a P/E ratio of 14.66 and a beta of 0.34. The stock has a 50-day moving average of $24.08 and a 200 day moving average of $24.24.

Citizens & Northern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Monday, October 31st were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Friday, October 28th. Citizens & Northern’s payout ratio is currently 67.07%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its stake in Citizens & Northern by 4,949.2% in the third quarter. Captrust Financial Advisors now owns 9,947 shares of the financial services provider’s stock valued at $241,000 after buying an additional 9,750 shares in the last quarter. Evergreen Wealth Solutions LLC boosted its stake in Citizens & Northern by 4.3% in the third quarter. Evergreen Wealth Solutions LLC now owns 11,451 shares of the financial services provider’s stock valued at $277,000 after buying an additional 467 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Citizens & Northern by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 129,750 shares of the financial services provider’s stock valued at $3,137,000 after buying an additional 6,177 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Citizens & Northern by 3.6% in the third quarter. Commonwealth Equity Services LLC now owns 13,361 shares of the financial services provider’s stock valued at $323,000 after buying an additional 467 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Citizens & Northern by 8.1% in the third quarter. Royal Bank of Canada now owns 8,993 shares of the financial services provider’s stock valued at $217,000 after buying an additional 673 shares in the last quarter. Institutional investors own 28.30% of the company’s stock.

Citizens & Northern Company Profile

(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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