Citizens & Northern Co. (NASDAQ:CZNC) Holdings Cut by Pennsylvania Capital Management Inc. ADV

Pennsylvania Capital Management Inc. ADV cut its stake in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,019 shares of the financial services provider’s stock after selling 2,599 shares during the quarter. Citizens & Northern makes up 0.7% of Pennsylvania Capital Management Inc. ADV’s portfolio, making the stock its 24th largest holding. Pennsylvania Capital Management Inc. ADV’s holdings in Citizens & Northern were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Citizens & Northern during the 3rd quarter valued at about $37,000. SG Americas Securities LLC acquired a new position in shares of Citizens & Northern during the third quarter worth approximately $102,000. Barclays PLC grew its holdings in Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after buying an additional 14,418 shares in the last quarter. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 15,637 shares during the period. Finally, Stone House Investment Management LLC raised its stake in Citizens & Northern by 11.0% during 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 acquiring an additional 9,470 shares in the last quarter. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CZNC shares. StockNews.com raised Citizens & Northern from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd.

Citizens & Northern Stock Performance

Shares of NASDAQ CZNC opened at $21.03 on Tuesday. Citizens & Northern Co. has a 1 year low of $16.50 and a 1 year high of $22.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average price of $19.54 and a two-hundred day moving average price of $19.54. The firm has a market cap of $324.07 million, a P/E ratio of 12.44 and a beta of 0.49.

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, topping analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. Research analysts forecast that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.

Citizens & Northern Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.33%. This is a boost from Citizens & Northern’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. Citizens & Northern’s dividend payout ratio (DPR) is presently 66.27%.

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.