Citizens & Northern Corp Sells 11,498 Shares of Citizens & Northern Corp $CZNC

Citizens & Northern Corp reduced its stake in Citizens & Northern Corp (NASDAQ:CZNC) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,151 shares of the financial services provider’s stock after selling 11,498 shares during the quarter. Citizens & Northern comprises approximately 1.6% of Citizens & Northern Corp’s holdings, making the stock its 16th largest position. Citizens & Northern Corp’s holdings in Citizens & Northern were worth $6,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. purchased a new position in Citizens & Northern during the second quarter valued at $35,000. GAMMA Investing LLC grew its position in Citizens & Northern by 4,814.8% during the 1st quarter. GAMMA Investing LLC now owns 2,998 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 2,937 shares during the last quarter. Alexander Labrunerie & CO. Inc. bought a new stake in Citizens & Northern during the 1st quarter valued at about $207,000. Empowered Funds LLC purchased a new position in Citizens & Northern in the first quarter worth about $236,000. Finally, Jane Street Group LLC bought a new position in shares of Citizens & Northern in the first quarter worth approximately $324,000. Institutional investors own 30.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Citizens & Northern in a research report on Wednesday, October 8th. Zacks Research cut Citizens & Northern from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Citizens & Northern Stock Performance

Shares of NASDAQ CZNC opened at $19.23 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $298.45 million, a price-to-earnings ratio of 10.99 and a beta of 0.56. Citizens & Northern Corp has a 12-month low of $17.85 and a 12-month high of $22.68. The firm has a 50 day moving average of $19.80 and a 200 day moving average of $19.33.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share for the quarter. The company had revenue of $26.87 million for the quarter. Citizens & Northern had a return on equity of 9.60% and a net margin of 16.77%. On average, research analysts anticipate that Citizens & Northern Corp will post 1.91 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.12 annualized dividend and a yield of 5.8%. Citizens & Northern’s dividend payout ratio is currently 64.00%.

Citizens & Northern 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.