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

Citizens & Northern Corp (NASDAQ:CZNC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.02 and traded as high as $22.71. Citizens & Northern shares last traded at $22.64, with a volume of 31,147 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on CZNC shares. Zacks Research downgraded shares of Citizens & Northern from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Piper Sandler raised their price objective on shares of Citizens & Northern from $22.50 to $23.50 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.50.

Citizens & Northern Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market cap of $417.48 million, a P/E ratio of 15.75 and a beta of 0.50. The business’s 50-day simple moving average is $22.69 and its two-hundred day simple moving average is $21.05.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $0.56 earnings per share for the quarter. The firm had revenue of $64.78 million during the quarter. Citizens & Northern had a net margin of 13.75% and a return on equity of 9.79%. Sell-side analysts expect that Citizens & Northern Corp will post 1.91 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, February 2nd. Citizens & Northern’s dividend payout ratio (DPR) is currently 75.68%.

Hedge Funds Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Citizens & Northern by 2.3% during the third quarter. Vanguard Group Inc. now owns 823,059 shares of the financial services provider’s stock worth $16,305,000 after purchasing an additional 18,165 shares during the period. Dimensional Fund Advisors LP boosted its position in Citizens & Northern by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 604,257 shares of the financial services provider’s stock worth $12,188,000 after purchasing an additional 18,510 shares during the period. Geode Capital Management LLC boosted its position in Citizens & Northern by 13.8% during the fourth quarter. Geode Capital Management LLC now owns 416,153 shares of the financial services provider’s stock worth $8,396,000 after purchasing an additional 50,343 shares during the period. Citizens & Northern Corp boosted its position in Citizens & Northern by 12.6% during the fourth quarter. Citizens & Northern Corp now owns 361,412 shares of the financial services provider’s stock worth $7,290,000 after purchasing an additional 40,323 shares during the period. Finally, State Street Corp boosted its position in Citizens & Northern by 1.5% during the fourth quarter. State Street Corp now owns 322,819 shares of the financial services provider’s stock worth $6,511,000 after purchasing an additional 4,806 shares during the period. Institutional investors 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.