Citizens & Northern Corp Sells 10,454 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Citizens & Northern Corp trimmed its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,283 shares of the financial services provider’s stock after selling 10,454 shares during the period. Citizens & Northern accounts for about 2.5% of Citizens & Northern Corp’s investment portfolio, making the stock its 10th biggest holding. Citizens & Northern Corp owned approximately 2.02% of Citizens & Northern worth $6,915,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CZNC. Commonwealth Equity Services LLC lifted its stake in Citizens & Northern by 33.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 4,914 shares in the last quarter. Fulton Bank N.A. acquired a new position in shares of Citizens & Northern during the 4th quarter worth approximately $213,000. SG Americas Securities LLC raised its holdings in Citizens & Northern by 20.9% in the 4th quarter. SG Americas Securities LLC now owns 8,150 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 1,409 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Citizens & Northern by 40.1% during the fourth quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,605 shares in the last quarter. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Citizens & Northern Price Performance

CZNC traded down $0.35 on Thursday, reaching $17.70. The company had a trading volume of 9,379 shares, compared to its average volume of 24,634. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.92 and a current ratio of 0.92. Citizens & Northern Co. has a 52-week low of $16.71 and a 52-week high of $23.50. The company has a market cap of $272.23 million, a price-to-earnings ratio of 11.88 and a beta of 0.44. The business has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $19.38.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $25.27 million for the quarter, compared to the consensus estimate of $26.39 million. Citizens & Northern had a net margin of 16.20% and a return on equity of 9.17%. As a group, sell-side analysts anticipate that Citizens & Northern Co. will post 1.59 EPS for the current year.

Citizens & Northern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $1.12 annualized dividend and a yield of 6.33%. Citizens & Northern’s payout ratio is 73.68%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Citizens & Northern from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet lowered shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.