JPMorgan Chase & Co. Buys 15,637 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

JPMorgan Chase & Co. lifted its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 186.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,032 shares of the financial services provider’s stock after purchasing an additional 15,637 shares during the period. JPMorgan Chase & Co. owned about 0.16% of Citizens & Northern worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Citizens & Northern during the third quarter worth approximately $37,000. SG Americas Securities LLC acquired a new stake in Citizens & Northern in the third quarter worth $102,000. Barclays PLC grew its holdings in Citizens & Northern by 290.1% in the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 14,418 shares during the period. Stone House Investment Management LLC increased its stake 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 valued at $1,876,000 after purchasing an additional 9,470 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Citizens & Northern by 1.1% during the third quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock valued at $6,082,000 after purchasing an additional 3,297 shares during the period. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Citizens & Northern Trading Down 2.2 %

NASDAQ:CZNC opened at $21.42 on Wednesday. Citizens & Northern Co. has a 12 month low of $16.50 and a 12 month high of $22.23. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $19.45 and its 200 day moving average is $19.51. The stock has a market capitalization of $330.08 million, a PE ratio of 14.88 and a beta of 0.48.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. Sell-side analysts expect that Citizens & Northern Co. will post 1.61 earnings per share for the current year.

Citizens & Northern Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.23%. This is a boost from Citizens & Northern’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, February 3rd. Citizens & Northern’s dividend payout ratio is 77.78%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CZNC. StockNews.com raised shares of Citizens & Northern from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler upgraded shares of Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.

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.