Raymond James Financial Services Advisors Inc. purchased a new stake in Citizens & Northern Corp (NASDAQ:CZNC) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,408 shares of the financial services provider’s stock, valued at approximately $256,000. Raymond James Financial Services Advisors Inc. owned about 0.09% of Citizens & Northern as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Nationwide Fund Advisors lifted its stake in shares of Citizens & Northern by 6.6% in the second quarter. Nationwide Fund Advisors now owns 8,021 shares of the financial services provider’s stock valued at $187,000 after buying an additional 500 shares during the period. Bessemer Group Inc. bought a new stake in shares of Citizens & Northern in the second quarter valued at about $191,000. Alliancebernstein L.P. lifted its stake in shares of Citizens & Northern by 13.6% in the second quarter. Alliancebernstein L.P. now owns 15,002 shares of the financial services provider’s stock valued at $349,000 after buying an additional 1,800 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Citizens & Northern by 31.6% in the second quarter. The Manufacturers Life Insurance Company now owns 15,072 shares of the financial services provider’s stock valued at $350,000 after buying an additional 3,616 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Citizens & Northern by 30.9% in the second quarter. Parametric Portfolio Associates LLC now owns 15,119 shares of the financial services provider’s stock valued at $352,000 after buying an additional 3,568 shares during the period. 29.37% of the stock is currently owned by institutional investors.

Separately, BidaskClub cut shares of Citizens & Northern from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

Shares of Citizens & Northern Corp (CZNC) opened at $24.77 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Citizens & Northern Corp has a one year low of $22.00 and a one year high of $26.75.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Citizens & Northern had a net margin of 25.58% and a return on equity of 8.33%.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Monday, October 30th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Friday, October 27th.

COPYRIGHT VIOLATION WARNING: “Raymond James Financial Services Advisors Inc. Purchases New Stake in Citizens & Northern Corp (CZNC)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/12/10/raymond-james-financial-services-advisors-inc-purchases-new-stake-in-citizens-northern-corp-cznc.html.

About Citizens & Northern

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.

Institutional Ownership by Quarter for Citizens & Northern (NASDAQ:CZNC)

Receive News & Stock Ratings for Citizens & Northern Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens & Northern Corp and related stocks with our FREE daily email newsletter.