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

Citizens & Northern Corp (NASDAQ:CZNC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.79 and traded as high as $21.85. Citizens & Northern shares last traded at $21.73, with a volume of 34,332 shares.

Wall Street Analyst Weigh In

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

Citizens & Northern Stock Performance

The business’s fifty day moving average price is $22.30 and its 200-day moving average price is $20.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.93. The stock has a market capitalization of $389.18 million, a PE ratio of 14.68 and a beta of 0.54.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.56 EPS for the quarter. The company had revenue of $64.78 million during the quarter. Citizens & Northern had a net margin of 13.75% and a return on equity of 9.79%. As a group, equities research analysts expect that Citizens & Northern Corp will post 1.91 EPS for the current year.

Citizens & Northern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, February 2nd. Citizens & Northern’s payout ratio is 75.68%.

Institutional Investors Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in Citizens & Northern by 521.1% during the third quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,433 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Citizens & Northern by 71.4% in the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of Citizens & Northern during the 2nd quarter valued at $58,000. Tower Research Capital LLC TRC raised its position in Citizens & Northern by 596.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 2,939 shares during the period. Finally, CWM LLC lifted its stake in Citizens & Northern by 210.2% in the third quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 2,422 shares during the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

About Citizens & Northern

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.