Citizens & Northern (NASDAQ:CZNC) Shares Cross Above 200 Day Moving Average of $24.24

Shares of Citizens & Northern Co. (NASDAQ:CZNCGet Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.24 and traded as high as $24.57. Citizens & Northern shares last traded at $24.49, with a volume of 5,691 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CZNC shares. StockNews.com started coverage on shares of Citizens & Northern in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $26.00 target price on shares of Citizens & Northern in a research report on Thursday, November 17th.

Citizens & Northern Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $379.60 million, a price-to-earnings ratio of 14.66 and a beta of 0.34. The company’s 50-day moving average is $24.08 and its 200-day moving average is $24.24.

Citizens & Northern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Monday, October 31st were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.57%. Citizens & Northern’s dividend payout ratio (DPR) is presently 67.07%.

Institutional Trading of Citizens & Northern

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Evergreen Wealth Solutions LLC increased its stake in shares of Citizens & Northern by 4.3% in the 3rd quarter. Evergreen Wealth Solutions LLC now owns 11,451 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 467 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Citizens & Northern by 3.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,361 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 467 shares in the last quarter. Royal Bank of Canada increased its stake in Citizens & Northern by 8.1% during the 3rd quarter. Royal Bank of Canada now owns 8,993 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 673 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Citizens & Northern by 180.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,098 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 707 shares in the last quarter. Finally, UBS Group AG increased its stake in Citizens & Northern by 66.2% during the 3rd quarter. UBS Group AG now owns 2,122 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 845 shares in the last quarter. 28.30% of the stock is owned by institutional investors.

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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