Citizens & Northern (NASDAQ:CZNC) Issues Earnings Results

Citizens & Northern (NASDAQ:CZNC) issued its quarterly earnings data on Thursday. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.24, FiscalAI reports. The firm had revenue of $40.07 million during the quarter, compared to analyst estimates of $42.28 million. Citizens & Northern had a return on equity of 9.54% and a net margin of 13.28%.

Citizens & Northern Stock Performance

Shares of NASDAQ CZNC traded up $1.11 during midday trading on Friday, reaching $27.75. The company’s stock had a trading volume of 114,798 shares, compared to its average volume of 57,765. Citizens & Northern has a 12-month low of $18.87 and a 12-month high of $27.78. The firm has a 50 day moving average price of $25.67 and a 200-day moving average price of $23.83. The stock has a market capitalization of $497.56 million, a P/E ratio of 18.75 and a beta of 0.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91.

Citizens & Northern Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.28. Citizens & Northern’s payout ratio is 75.68%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CZNC shares. Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen downgraded Citizens & Northern from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 18th. Finally, Weiss Ratings raised Citizens & Northern from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Citizens & Northern presently has an average rating of “Hold” and an average target price of $23.50.

Citizens & Northern Company Profile

Citizens & Northern Corporation is a bank holding company headquartered in Wellsboro, Pennsylvania. Through its principal subsidiary, Citizens & Northern Bank, the company provides community banking services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, agricultural loans, cash-management services and online and mobile banking. It also provides wealth management, trust and investment services, as well as insurance and other financial solutions through affiliated businesses and service providers.

Founded in 1864, Citizens & Northern has a long history of serving communities in north-central Pennsylvania and nearby areas of southern New York.