Geode Capital Management LLC Buys 4,243 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Geode Capital Management LLC raised its stake in Citizens & Northern Co. (NASDAQ:CZNC) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 345,823 shares of the financial services provider’s stock after acquiring an additional 4,243 shares during the period. Geode Capital Management LLC owned approximately 2.24% of Citizens & Northern worth $6,811,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Citizens & Northern during the third quarter valued at about $102,000. J.W. Cole Advisors Inc. bought a new position in Citizens & Northern during the second quarter valued at approximately $187,000. Barclays PLC grew its holdings 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 buying an additional 14,418 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Citizens & Northern by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock worth $1,768,000 after acquiring an additional 4,173 shares during the last quarter. Finally, Stone House Investment Management LLC raised its holdings in shares of 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 worth $1,876,000 after acquiring an additional 9,470 shares in the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

Citizens & Northern Stock Up 1.0 %

Shares of NASDAQ CZNC opened at $18.44 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. Citizens & Northern Co. has a 12-month low of $16.50 and a 12-month high of $22.49. The firm’s 50-day moving average price is $19.67 and its 200-day moving average price is $19.25. The stock has a market capitalization of $284.23 million, a price-to-earnings ratio of 12.81 and a beta of 0.47.

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

Citizens & Northern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a $0.28 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.12 dividend on an annualized basis and a yield of 6.07%. Citizens & Northern’s dividend payout ratio is presently 77.78%.

Analyst Ratings Changes

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

Citizens & Northern Profile

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.