Citizens & Northern (NASDAQ:CZNC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Citizens & Northern Corp (NASDAQ:CZNC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.83 and traded as high as $22.14. Citizens & Northern shares last traded at $21.88, with a volume of 36,084 shares.

Analyst Ratings Changes

A number of brokerages have commented on CZNC. Zacks Research lowered shares of Citizens & Northern from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Citizens & Northern from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $23.50.

Citizens & Northern Price Performance

The company’s 50-day moving average price is $22.01 and its two-hundred day moving average price is $21.83. The company has a market cap of $395.32 million, a P/E ratio of 20.24 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.56). The company had revenue of $36.90 million during the quarter, compared to the consensus estimate of $35.60 million. Citizens & Northern had a return on equity of 7.47% and a net margin of 9.67%. As a group, sell-side analysts expect that Citizens & Northern Corp will post 1.97 earnings per share for the current year.

Citizens & Northern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, May 4th. Citizens & Northern’s dividend payout ratio is currently 102.75%.

Institutional Investors Weigh In On Citizens & Northern

A number of institutional investors have recently modified their holdings of CZNC. Russell Investments Group Ltd. grew its position in shares of Citizens & Northern by 521.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,433 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Citizens & Northern by 71.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after buying an additional 749 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Citizens & Northern during the 2nd quarter valued at about $58,000. Tower Research Capital LLC TRC grew its position in shares of Citizens & Northern by 596.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock valued at $65,000 after buying an additional 2,939 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Citizens & Northern by 62.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,604 shares of the financial services provider’s stock valued at $71,000 after buying an additional 1,391 shares during the last quarter. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.