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

Citizens & Northern Corp (NASDAQ:CZNC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.69 and traded as high as $22.80. Citizens & Northern shares last traded at $22.29, with a volume of 38,937 shares trading hands.

Wall Street Analyst Weigh In

CZNC has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Citizens & Northern from $22.50 to $23.50 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 15th. Finally, Zacks Research raised shares of Citizens & Northern from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Citizens & Northern Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $396.94 million, a price-to-earnings ratio of 15.07 and a beta of 0.54. The stock has a 50 day moving average price of $22.12 and a two-hundred day moving average price of $20.72.

Citizens & Northern (NASDAQ:CZNC) last posted its earnings results on Wednesday, January 28th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. Citizens & Northern had a return on equity of 10.25% and a net margin of 13.75%.The firm had revenue of $64.78 million for the quarter. As a group, analysts expect that Citizens & Northern Corp will post 1.91 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.12 annualized dividend and a dividend yield of 5.0%. Citizens & Northern’s dividend payout ratio (DPR) is presently 75.68%.

Institutional Investors Weigh In On Citizens & Northern

Several large investors have recently added to or reduced their stakes in CZNC. Hudock Inc. boosted its position in Citizens & Northern by 1.3% in the 2nd quarter. Hudock Inc. now owns 46,110 shares of the financial services provider’s stock valued at $873,000 after buying an additional 587 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Citizens & Northern by 1.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,428 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 623 shares during the period. Jane Street Group LLC raised its stake in shares of Citizens & Northern by 2.8% in the fourth quarter. Jane Street Group LLC now owns 25,127 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 673 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Citizens & Northern by 71.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 749 shares during the period. Finally, Barclays PLC boosted its holdings in Citizens & Northern by 3.0% in the fourth quarter. Barclays PLC now owns 26,947 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 774 shares during the period. 30.83% of the stock is owned by hedge funds and other institutional investors.

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.