Citizens & Northern (NASDAQ:CZNC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Citizens & Northern Co. (NASDAQ:CZNC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.57 and traded as high as $22.17. Citizens & Northern shares last traded at $21.92, with a volume of 43,886 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on CZNC shares. Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of Citizens & Northern from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Citizens & Northern Stock Up 1.0 %

The company has a market cap of $337.79 million, a P/E ratio of 12.97 and a beta of 0.49. The stock has a 50-day moving average of $19.66 and a two-hundred day moving average of $19.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. On average, research analysts anticipate that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.

Citizens & Northern Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.28 dividend. This is a boost from Citizens & Northern’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.11%. Citizens & Northern’s payout ratio is presently 66.27%.

Institutional Trading of Citizens & Northern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Citizens & Northern during the fourth quarter valued at about $429,000. JPMorgan Chase & Co. boosted its position in Citizens & Northern by 186.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 15,637 shares in the last quarter. Barclays PLC boosted its position in Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 14,418 shares in the last quarter. Hudock Inc. grew its holdings in shares of Citizens & Northern by 42.2% during the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider’s stock worth $860,000 after acquiring an additional 13,712 shares during the period. Finally, Citizens & Northern Corp raised its position in shares of Citizens & Northern by 3.2% in the 4th quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock worth $6,300,000 after acquiring an additional 10,392 shares in the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

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.