Citizens & Northern (NASDAQ:CZNC) Stock Passes Above 200 Day Moving Average – Time to Sell?

Citizens & Northern Corp (NASDAQ:CZNC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.38 and traded as high as $19.60. Citizens & Northern shares last traded at $19.60, with a volume of 41,009 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Citizens & Northern in a report on Wednesday, October 8th. Piper Sandler increased their price target on shares of Citizens & Northern from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Janney Montgomery Scott upgraded shares of Citizens & Northern to a “hold” rating in a report on Wednesday, October 22nd. Finally, Zacks Research downgraded shares of Citizens & Northern from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.00.

Citizens & Northern Trading Up 0.5%

The firm has a market cap of $348.92 million, a price-to-earnings ratio of 11.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $19.59 and a 200-day moving average of $19.38.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Tuesday, June 15th. The financial services provider reported $0.55 EPS for the quarter. Citizens & Northern had a net margin of 16.81% and a return on equity of 9.86%. The firm had revenue of $26.87 million during the quarter. Research analysts anticipate that Citizens & Northern Corp will post 1.91 EPS for the current year.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, November 3rd. Citizens & Northern’s dividend payout ratio is presently 63.64%.

Institutional Investors Weigh In On Citizens & Northern

Several institutional investors and hedge funds have recently bought and sold shares of CZNC. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Citizens & Northern by 89.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,805 shares of the financial services provider’s stock valued at $881,000 after purchasing an additional 20,720 shares during the last quarter. Stone House Investment Management LLC lifted its holdings in Citizens & Northern by 95.1% in the first quarter. Stone House Investment Management LLC now owns 98,639 shares of the financial services provider’s stock valued at $1,985,000 after buying an additional 48,074 shares during the period. ST Germain D J Co. Inc. acquired a new position in Citizens & Northern in the second quarter valued at $35,000. Charles Schwab Investment Management Inc. boosted its position in Citizens & Northern by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 42,672 shares of the financial services provider’s stock valued at $859,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Citizens & Northern during the 2nd quarter worth about $58,000. Institutional investors own 30.83% of the company’s stock.

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.