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

Citizens & Northern Co. (NASDAQ:CZNC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.57 and traded as high as $22.17. Citizens & Northern shares last traded at $21.92, with a volume of 43,886 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CZNC shares. Piper Sandler raised Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Citizens & Northern from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

Citizens & Northern Trading Up 1.0 %

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $19.66 and a 200 day moving average price of $19.57. The stock has a market capitalization of $337.79 million, a PE ratio of 12.97 and a beta of 0.49.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. Equities analysts expect that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.

Citizens & Northern Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.28 dividend. The ex-dividend date is Monday, February 3rd. This is a positive change from Citizens & Northern’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 5.11%. Citizens & Northern’s dividend payout ratio is currently 66.27%.

Institutional Trading of Citizens & Northern

A number of hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Citizens & Northern in the 4th quarter worth approximately $429,000. JPMorgan Chase & Co. raised its stake in shares of Citizens & Northern by 186.3% in the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after buying an additional 15,637 shares during the period. Barclays PLC lifted its position in shares of Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after buying an additional 14,418 shares during the last quarter. Hudock Inc. grew its stake in shares of Citizens & Northern by 42.2% during the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider’s stock worth $860,000 after acquiring an additional 13,712 shares during the period. Finally, Citizens & Northern Corp grew its stake in shares of Citizens & Northern by 3.2% during the 4th quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock worth $6,300,000 after acquiring an additional 10,392 shares during the period. 30.83% of the stock is currently owned by institutional investors.

About Citizens & Northern

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.