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

Shares of Citizens & Northern Co. (NASDAQ:CZNC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.73 and traded as high as $20.62. Citizens & Northern shares last traded at $20.18, with a volume of 24,783 shares traded.

Citizens & Northern Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day moving average is $19.45 and its 200 day moving average is $18.73. The stock has a market cap of $311.05 million, a price-to-earnings ratio of 14.01 and a beta of 0.46.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $27.49 million for the quarter, compared to analyst estimates of $28.10 million. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. As a group, equities analysts expect that Citizens & Northern Co. will post 1.6 earnings per share for the current fiscal year.

Citizens & Northern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.28 per share. The ex-dividend date was Monday, October 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.55%. Citizens & Northern’s payout ratio is currently 77.78%.

Hedge Funds Weigh In On Citizens & Northern

Institutional investors and hedge funds have recently modified their holdings of the company. Citizens & Northern Corp lifted its position in Citizens & Northern by 7.0% in the second quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock valued at $5,893,000 after acquiring an additional 21,443 shares during the last quarter. Barclays PLC lifted its position in Citizens & Northern by 290.1% in the third 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 during the last quarter. Vanguard Group Inc. lifted its position in Citizens & Northern by 1.9% in the first quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock valued at $13,941,000 after acquiring an additional 13,488 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Citizens & Northern in the second quarter valued at $187,000. Finally, Stone House Investment Management LLC lifted its position in Citizens & Northern by 11.0% in the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after acquiring an additional 9,470 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.