Citizens & Northern (NASDAQ:CZNC) Shares Pass Above 200 Day Moving Average – Should You Sell?

Citizens & Northern Corp (NASDAQ:CZNC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.76 and traded as high as $26.25. Citizens & Northern shares last traded at $25.98, with a volume of 78,088 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CZNC shares. Zacks Research upgraded shares of Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of Citizens & Northern from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.50.

Citizens & Northern Trading Down 0.1%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45. The company has a market cap of $465.82 million, a P/E ratio of 17.55 and a beta of 0.40. The business has a 50-day moving average price of $23.54 and a two-hundred day moving average price of $22.76.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.16. The business had revenue of $39.65 million for the quarter, compared to analysts’ expectations of $38.60 million. Citizens & Northern had a return on equity of 9.54% and a net margin of 13.28%. On average, analysts predict that Citizens & Northern Corp will post 2.17 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, August 3rd. Citizens & Northern’s dividend payout ratio (DPR) is 75.68%.

Institutional Investors Weigh In On Citizens & Northern

Several institutional investors have recently modified their holdings of CZNC. Legal & General Group Plc bought a new position in Citizens & Northern in the second quarter valued at approximately $42,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Citizens & Northern during the 2nd quarter worth $977,000. BlackRock Inc. bought a new stake in shares of Citizens & Northern during the 2nd quarter valued at $31,685,000. Deutsche Bank AG acquired a new position in shares of Citizens & Northern in the 2nd quarter valued at $399,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Citizens & Northern in the 2nd quarter valued at $2,859,000. Institutional investors and hedge funds own 30.83% of the company’s stock.

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.