Jane Street Group LLC Sells 4,185 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Jane Street Group LLC lessened its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 29.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,072 shares of the financial services provider’s stock after selling 4,185 shares during the quarter. Jane Street Group LLC owned 0.07% of Citizens & Northern worth $198,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Citizens & Northern Trading Down 2.6 %

Shares of CZNC stock opened at $18.14 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day simple moving average of $19.61 and a two-hundred day simple moving average of $19.34. The firm has a market capitalization of $279.61 million, a PE ratio of 12.60 and a beta of 0.48. Citizens & Northern Co. has a 52-week low of $16.50 and a 52-week high of $22.20.

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

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Monday, October 28th. Citizens & Northern’s dividend payout ratio (DPR) is presently 77.78%.

Citizens & Northern Company Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.