Citizens & Northern (NASDAQ:CZNC) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Citizens & Northern Corp (NASDAQ:CZNC) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $23.40 and traded as high as $25.71. Citizens & Northern shares last traded at $25.28, with a volume of 40,256 shares traded.

Analyst Ratings Changes

Several research firms have commented on CZNC. Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen lowered Citizens & Northern from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 13th. Finally, Weiss Ratings upgraded Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.50.

Citizens & Northern Stock Performance

The stock has a 50-day moving average of $25.55 and a 200 day moving average of $23.42. The firm has a market capitalization of $451.66 million, a P/E ratio of 17.02 and a beta of 0.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91.

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

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.12 annualized dividend and a yield of 4.4%. Citizens & Northern’s dividend payout ratio is presently 75.68%.

Institutional Trading of Citizens & Northern

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in Citizens & Northern by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 53,441 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 586 shares during the period. Empowered Funds LLC lifted its holdings in shares of Citizens & Northern by 9.3% in the first quarter. Empowered Funds LLC now owns 17,956 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 1,523 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Citizens & Northern during the second quarter worth about $42,000. Cetera Investment Advisers grew its holdings in shares of Citizens & Northern by 4.2% during the first quarter. Cetera Investment Advisers now owns 47,142 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 1,881 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Citizens & Northern by 932.6% in the 1st quarter. Royal Bank of Canada now owns 6,753 shares of the financial services provider’s stock valued at $151,000 after buying an additional 6,099 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation is a bank holding company headquartered in Wellsboro, Pennsylvania. Its principal subsidiary, Citizens & Northern Bank, provides community banking services to individuals, businesses, nonprofit organizations and municipalities.

The bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial loans, agricultural financing and other credit products. It also provides electronic and digital banking, cash-management services, trust and fiduciary services, investment services and insurance-related products.

Founded in 1864, Citizens & Northern has a long history of serving communities in north-central Pennsylvania and the Southern Tier of New York.