New York State Common Retirement Fund lowered its stake in shares of Citizens & Northern Corp (NASDAQ:CZNC) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,140 shares of the financial services provider’s stock after selling 3,961 shares during the period. New York State Common Retirement Fund owned 0.16% of Citizens & Northern Corp worth $445,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of CZNC. Martingale Asset Management L P purchased a new stake in shares of Citizens & Northern Corp during the 2nd quarter worth approximately $575,000. PARK CIRCLE Co purchased a new stake in shares of Citizens & Northern Corp during the 2nd quarter worth approximately $465,000. First Trust Advisors LP purchased a new stake in shares of Citizens & Northern Corp during the 2nd quarter worth approximately $443,000. Russell Investments Group Ltd. purchased a new stake in shares of Citizens & Northern Corp during the 2nd quarter worth approximately $364,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Citizens & Northern Corp during the 2nd quarter worth approximately $191,000. Institutional investors own 28.60% of the company’s stock.
Separately, BidaskClub lowered shares of Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.
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In other Citizens & Northern Corp news, Director Aaron K. Singer acquired 3,800 shares of Citizens & Northern Corp stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $22.81 per share, for a total transaction of $86,678.00. Following the purchase, the director now owns 100 shares of the company’s stock, valued at $2,281. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Bradley Scovill acquired 4,000 shares of Citizens & Northern Corp stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $22.72 per share, with a total value of $90,880.00. Following the completion of the purchase, the chief executive officer now directly owns 39,890 shares in the company, valued at approximately $906,300.80. The disclosure for this purchase can be found here. Insiders purchased a total of 9,059 shares of company stock valued at $207,239 over the last quarter. 4.31% of the stock is owned by company insiders.
Citizens & Northern Corp (NASDAQ:CZNC) opened at $23.84 on Wednesday. Citizens & Northern Corp has a one year low of $22.00 and a one year high of $26.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.
Citizens & Northern Corp (NASDAQ:CZNC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Citizens & Northern Corp had a net margin of 25.58% and a return on equity of 8.33%.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, October 30th were paid a $0.26 dividend. The ex-dividend date was Friday, October 27th. This represents a $1.04 dividend on an annualized basis and a yield of 4.36%.
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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