Citizens & Northern (NASDAQ:CZNC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a hold rating to a buy rating in a report published on Monday.

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

Citizens & Northern Stock Up 4.4 %

Shares of CZNC opened at $22.36 on Monday. The business’s fifty day moving average price is $19.45 and its two-hundred day moving average price is $19.51. The firm has a market capitalization of $344.57 million, a price-to-earnings ratio of 15.53 and a beta of 0.48. Citizens & Northern has a 52 week low of $16.50 and a 52 week high of $22.39. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. On average, analysts predict that Citizens & Northern will post 1.61 earnings per share for the current year.

Citizens & Northern Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.01%. This is a boost from Citizens & Northern’s previous quarterly dividend of $0.27. Citizens & Northern’s dividend payout ratio (DPR) is 77.78%.

Institutional Trading of Citizens & Northern

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after acquiring an additional 4,243 shares during the last quarter. State Street Corp boosted its position in shares of Citizens & Northern by 1.1% during the third quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after purchasing an additional 3,297 shares in the last quarter. Stone House Investment Management LLC grew its holdings in shares of Citizens & Northern by 11.0% in the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after buying an additional 9,470 shares during the period. Hudock Inc. grew its holdings in shares of Citizens & Northern by 42.2% in the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider’s stock valued at $860,000 after buying an additional 13,712 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Citizens & Northern by 186.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after buying an additional 15,637 shares in the last quarter. 30.83% of the stock is owned by institutional investors.

Citizens & Northern Company Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.