Barclays PLC Increases Position in Citizens & Northern Co. (NASDAQ:CZNC)

Barclays PLC boosted its holdings in Citizens & Northern Co. (NASDAQ:CZNC) by 290.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,388 shares of the financial services provider’s stock after purchasing an additional 14,418 shares during the period. Barclays PLC owned about 0.13% of Citizens & Northern worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CZNC. Bank of New York Mellon Corp raised its position in shares of Citizens & Northern by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 4,173 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Citizens & Northern in the second quarter worth $187,000. SG Americas Securities LLC bought a new position in Citizens & Northern during the 3rd quarter valued at $102,000. Stone House Investment Management LLC grew its holdings in Citizens & Northern by 11.0% during the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock worth $1,876,000 after acquiring an additional 9,470 shares in the last quarter. Finally, State Street Corp increased its position in shares of Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after purchasing an additional 3,297 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd.

Citizens & Northern Price Performance

Shares of NASDAQ CZNC opened at $18.44 on Friday. The business has a 50 day simple moving average of $19.67 and a 200-day simple moving average of $19.25. Citizens & Northern Co. has a twelve month low of $16.50 and a twelve month high of $22.49. The company has a market capitalization of $284.23 million, a price-to-earnings ratio of 12.81 and a beta of 0.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The business had revenue of $27.49 million for the quarter, compared to the consensus estimate of $28.10 million. As a group, equities research analysts expect that Citizens & Northern Co. will post 1.61 earnings per share for the current year.

Citizens & Northern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.28 per share. The ex-dividend date was Monday, October 28th. This represents a $1.12 annualized dividend and a yield of 6.07%. Citizens & Northern’s dividend payout ratio (DPR) is 77.78%.

Citizens & Northern Profile

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.