J.W. Cole Advisors Inc. Purchases New Stake in Citizens & Northern Co. (NASDAQ:CZNC)

J.W. Cole Advisors Inc. acquired a new position in shares of Citizens & Northern Co. (NASDAQ:CZNC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,480 shares of the financial services provider’s stock, valued at approximately $187,000. J.W. Cole Advisors Inc. owned about 0.07% of Citizens & Northern at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Citizens & Northern by 82.6% during the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 3,440 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in 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 valued at $1,768,000 after purchasing an additional 4,173 shares during the last quarter. Citizens & Northern Corp lifted its stake in Citizens & Northern by 7.0% in the second quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock valued at $5,893,000 after buying an additional 21,443 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Citizens & Northern by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock worth $13,941,000 after buying an additional 13,488 shares during the period. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Citizens & Northern from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.

Citizens & Northern Price Performance

Shares of CZNC stock opened at $20.20 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. Citizens & Northern Co. has a 12-month low of $16.50 and a 12-month high of $23.50. The firm has a fifty day moving average of $19.56 and a 200-day moving average of $18.28. The firm has a market capitalization of $310.60 million, a price-to-earnings ratio of 13.29 and a beta of 0.46.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Citizens & Northern had a return on equity of 9.06% and a net margin of 15.75%. The business had revenue of $27.50 million for the quarter, compared to analysts’ expectations of $26.90 million. On average, equities research analysts forecast that Citizens & Northern Co. will post 1.66 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Monday, July 29th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Monday, July 29th. Citizens & Northern’s dividend payout ratio is 73.68%.

About Citizens & Northern

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.