Teachers Advisors LLC Acquires 1,249 Shares of Citizens & Northern Corp (CZNC)
Teachers Advisors LLC boosted its position in Citizens & Northern Corp (NASDAQ:CZNC) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,423 shares of the financial services provider’s stock after purchasing an additional 1,249 shares during the quarter. Teachers Advisors LLC owned about 0.17% of Citizens & Northern Corp worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CZNC. Martingale Asset Management L P purchased a new stake in Citizens & Northern Corp in the 2nd quarter worth approximately $575,000. PARK CIRCLE Co purchased a new stake in Citizens & Northern Corp in the 2nd quarter worth approximately $465,000. First Trust Advisors LP purchased a new stake in Citizens & Northern Corp in the 2nd quarter worth approximately $443,000. Russell Investments Group Ltd. purchased a new stake in Citizens & Northern Corp in the 2nd quarter worth approximately $364,000. Finally, Bessemer Group Inc. purchased a new stake in Citizens & Northern Corp in the 2nd quarter worth approximately $191,000. Institutional investors and hedge funds own 28.60% of the company’s stock.
In other news, Director Edward H. Owlett III sold 8,921 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.11, for a total value of $197,243.31. Following the transaction, the director now owns 11,770 shares of the company’s stock, valued at approximately $260,234.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Bradley Scovill purchased 4,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $22.72 per share, for a total transaction of $90,880.00. Following the acquisition, the chief executive officer now directly owns 39,890 shares in the company, valued at $906,300.80. The disclosure for this purchase can be found here. Insiders bought a total of 8,979 shares of company stock worth $205,340 in the last three months. Insiders own 4.31% of the company’s stock.
Separately, BidaskClub cut shares of Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.
Shares of Citizens & Northern Corp (NASDAQ:CZNC) opened at $23.45 on Friday. Citizens & Northern Corp has a 52 week low of $22.00 and a 52 week high of $26.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.
Citizens & Northern Corp (NASDAQ:CZNC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Citizens & Northern Corp had a return on equity of 8.33% and a net margin of 25.58%.
The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, October 30th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Friday, October 27th.
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Citizens & Northern Corp Profile
Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.
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