Rhumbline Advisers decreased its holdings in Citizens & Northern Corp (NASDAQ:CZNC) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,564 shares of the financial services provider’s stock after selling 1,085 shares during the quarter. Rhumbline Advisers owned about 0.12% of Citizens & Northern Corp worth $339,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Citizens & Northern Corp in the second quarter worth $364,000. First Trust Advisors LP purchased a new position in Citizens & Northern Corp in the second quarter worth $443,000. Finally, Bessemer Group Inc. purchased a new position in Citizens & Northern Corp in the second quarter worth $191,000. Hedge funds and other institutional investors own 28.46% of the company’s stock.
In other news, Director Aaron K. Singer acquired 3,800 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $22.81 per share, for a total transaction of $86,678.00. Following the completion of the acquisition, the director now directly owns 100 shares in the company, valued at approximately $2,281. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO J Bradley Scovill acquired 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $22.49 per share, with a total value of $89,960.00. Following the acquisition, the chief executive officer now owns 34,376 shares of the company’s stock, valued at $773,116.24. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,954 shares of company stock valued at $271,002 and sold 35,519 shares valued at $796,203. Corporate insiders own 4.31% of the company’s stock.
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Citizens & Northern Corp (CZNC) opened at 25.36 on Monday. The stock has a market cap of $308.78 million, a PE ratio of 19.37 and a beta of 0.47. Citizens & Northern Corp has a 52-week low of $20.54 and a 52-week high of $26.57. The firm has a 50-day moving average price of $23.38 and a 200 day moving average price of $23.17.
Several research analysts have issued reports on the company. TheStreet upgraded Citizens & Northern Corp from a “c+” rating to a “b+” rating in a research report on Monday, July 10th. BidaskClub cut Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.
About Citizens & Northern Corp
Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.
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