Citizens & Northern (NASDAQ:CZNC) Director Buys $20,830.00 in Stock

Citizens & Northern Corp (NASDAQ:CZNC) Director Terry Lehman acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $20.83 per share, for a total transaction of $20,830.00. Following the completion of the transaction, the director owned 30,317 shares in the company, valued at $631,503.11. The trade was a 3.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Citizens & Northern Stock Performance

NASDAQ:CZNC traded down $0.24 during midday trading on Wednesday, reaching $20.76. The stock had a trading volume of 42,271 shares, compared to its average volume of 44,325. The firm has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $21.57. Citizens & Northern Corp has a 12-month low of $18.02 and a 12-month high of $24.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock has a market cap of $372.02 million, a P/E ratio of 19.05 and a beta of 0.44.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.56). Citizens & Northern had a net margin of 9.67% and a return on equity of 7.47%. The firm had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $35.60 million. On average, equities analysts expect that Citizens & Northern Corp will post 1.97 EPS for the current year.

Citizens & Northern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, May 4th. Citizens & Northern’s dividend payout ratio (DPR) is 75.68%.

Institutional Investors Weigh In On Citizens & Northern

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in shares of Citizens & Northern by 521.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,433 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Citizens & Northern by 71.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock worth $36,000 after buying an additional 749 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Citizens & Northern in the 2nd quarter worth about $58,000. Tower Research Capital LLC TRC boosted its position in shares of Citizens & Northern by 596.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock worth $65,000 after buying an additional 2,939 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Citizens & Northern by 210.2% in the 3rd quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock worth $71,000 after buying an additional 2,422 shares in the last quarter. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CZNC. Piper Sandler boosted their target price on shares of Citizens & Northern from $22.50 to $23.50 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Wall Street Zen lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered shares of Citizens & Northern from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Zacks Research lowered shares of Citizens & Northern from a “hold” rating to a “strong sell” rating in a research report on Monday. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Citizens & Northern currently has an average rating of “Reduce” and a consensus price target of $23.50.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.