Citizens & Northern (NASDAQ:CZNC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Citizens & Northern Co. (NASDAQ:CZNC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.07 and traded as high as $20.30. Citizens & Northern shares last traded at $19.97, with a volume of 21,755 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.

Citizens & Northern Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average of $19.83 and a 200 day moving average of $19.07. The firm has a market capitalization of $304.43 million, a PE ratio of 13.72 and a beta of 0.47.

Citizens & Northern (NASDAQ:CZNC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. The firm had revenue of $27.49 million during the quarter, compared to the consensus estimate of $28.10 million. As a group, research analysts anticipate that Citizens & Northern Co. will post 1.61 EPS for the current fiscal year.

Citizens & Northern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.12 annualized dividend and a dividend yield of 5.67%. Citizens & Northern’s dividend payout ratio is currently 77.78%.

Hedge Funds Weigh In On Citizens & Northern

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in Citizens & Northern by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 4,173 shares during the last quarter. Citizens & Northern Corp raised its stake in shares of Citizens & Northern by 7.0% during the 2nd quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock worth $5,893,000 after purchasing an additional 21,443 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Citizens & Northern in the 2nd quarter worth about $187,000. SG Americas Securities LLC bought a new position in Citizens & Northern during the third quarter valued at about $102,000. Finally, Stone House Investment Management LLC increased its holdings in Citizens & Northern by 11.0% during the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock worth $1,876,000 after buying an additional 9,470 shares during the last quarter. 30.83% of the stock is owned by institutional investors.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.