Citizens & Northern Co. (NASDAQ:CZNC – Get Rating) Director Terry L. Lehman purchased 650 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The stock was acquired at an average cost of $24.16 per share, for a total transaction of $15,704.00. Following the transaction, the director now owns 21,660 shares in the company, valued at approximately $523,305.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CZNC stock traded up $0.14 during trading on Tuesday, hitting $24.21. 500 shares of the company traded hands, compared to its average volume of 22,711. The stock has a 50-day moving average of $24.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.85 and a quick ratio of 0.85. Citizens & Northern Co. has a 1 year low of $23.73 and a 1 year high of $27.99. The firm has a market capitalization of $383.12 million, a price-to-earnings ratio of 12.54 and a beta of 0.42.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Monday, May 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.63%. This is a positive change from Citizens & Northern’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 29th. Citizens & Northern’s dividend payout ratio (DPR) is presently 58.33%.
A number of institutional investors and hedge funds have recently bought and sold shares of CZNC. Morgan Stanley grew its position in Citizens & Northern by 50.7% during the 2nd quarter. Morgan Stanley now owns 15,766 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 5,302 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Citizens & Northern in the 2nd quarter worth approximately $440,000. SG Americas Securities LLC bought a new stake in shares of Citizens & Northern in the 3rd quarter worth approximately $253,000. Citizens & Northern Corp grew its position in shares of Citizens & Northern by 0.4% in the 3rd quarter. Citizens & Northern Corp now owns 275,504 shares of the financial services provider’s stock worth $6,959,000 after buying an additional 1,180 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Citizens & Northern by 222.9% in the 3rd quarter. Barclays PLC now owns 6,345 shares of the financial services provider’s stock worth $161,000 after buying an additional 4,380 shares during the last quarter. Institutional investors and hedge funds own 27.84% of the company’s stock.
About Citizens & Northern (Get Rating)
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers. The company offers lending products include commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit; and deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits.
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