SG Americas Securities LLC Acquires 1,153 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

SG Americas Securities LLC raised its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,327 shares of the financial services provider’s stock after purchasing an additional 1,153 shares during the quarter. SG Americas Securities LLC’s holdings in Citizens & Northern were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in Citizens & Northern during the 3rd quarter valued at $37,000. State Street Corp increased its stake in 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 purchasing an additional 3,297 shares in the last quarter. Geode Capital Management LLC increased its stake in Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock valued at $6,811,000 after purchasing an additional 4,243 shares in the last quarter. Stone House Investment Management LLC increased its stake 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 valued at $1,876,000 after purchasing an additional 9,470 shares in the last quarter. Finally, Barclays PLC increased its stake in 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 purchasing an additional 14,418 shares in the last quarter. Institutional investors own 30.83% of the company’s stock.

Analyst Ratings Changes

CZNC has been the topic of a number of analyst reports. Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a report on Monday, December 2nd. StockNews.com raised 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 %

Shares of Citizens & Northern stock opened at $21.92 on Wednesday. Citizens & Northern Co. has a 52-week low of $16.50 and a 52-week high of $22.68. The stock’s 50-day simple moving average is $19.66 and its 200 day simple moving average is $19.57. The stock has a market capitalization of $337.79 million, a P/E ratio of 12.97 and a beta of 0.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.

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

Citizens & Northern Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Monday, February 3rd. This is a boost 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%.

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.