Hudock Inc. Purchases 13,712 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Hudock Inc. increased its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,235 shares of the financial services provider’s stock after buying an additional 13,712 shares during the quarter. Hudock Inc. owned 0.30% of Citizens & Northern worth $860,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CZNC. JPMorgan Chase & Co. boosted its position in Citizens & Northern by 186.3% during the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 15,637 shares during the last quarter. Barclays PLC boosted its position in Citizens & Northern by 290.1% during the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 14,418 shares during the last quarter. Stone House Investment Management LLC boosted its position 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 valued at $1,876,000 after purchasing an additional 9,470 shares during the last quarter. SG Americas Securities LLC acquired a new position in Citizens & Northern during the third quarter valued at approximately $102,000. Finally, Geode Capital Management LLC boosted its position in Citizens & Northern by 1.2% during the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock valued at $6,811,000 after purchasing an additional 4,243 shares during the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler raised Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd. StockNews.com raised Citizens & Northern from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Citizens & Northern Stock Performance

CZNC opened at $21.52 on Thursday. Citizens & Northern Co. has a 12-month low of $16.50 and a 12-month high of $22.68. The stock has a market cap of $331.62 million, a price-to-earnings ratio of 12.73 and a beta of 0.49. The business has a 50 day moving average of $19.69 and a 200-day moving average of $19.57. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data 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 return on equity of 9.71% and a net margin of 16.50%. On average, equities research analysts expect that Citizens & Northern Co. will post 1.91 earnings per share for the current year.

Citizens & Northern Increases Dividend

The company also recently declared 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 is a boost from Citizens & Northern’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 5.20%. The ex-dividend date is Monday, February 3rd. Citizens & Northern’s dividend payout ratio (DPR) is presently 66.27%.

About Citizens & Northern

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.