Citizens & Northern Co. (NASDAQ:CZNC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.10 and traded as high as $20.98. Citizens & Northern shares last traded at $20.77, with a volume of 48,521 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Citizens & Northern in a research note on Thursday, October 5th. They issued a “hold” rating for the company.
Citizens & Northern Trading Up 5.4 %
Citizens & Northern Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, October 30th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Friday, October 27th. Citizens & Northern’s dividend payout ratio (DPR) is 62.57%.
Hedge Funds Weigh In On Citizens & Northern
Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Citizens & Northern by 98.8% during the 4th quarter. Barclays PLC now owns 4,052 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 2,014 shares during the period. Citigroup Inc. boosted its stake in shares of Citizens & Northern by 362.0% in the 2nd quarter. Citigroup Inc. now owns 4,565 shares of the financial services provider’s stock valued at $88,000 after buying an additional 3,577 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Citizens & Northern by 35.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,528 shares of the financial services provider’s stock valued at $85,000 after buying an additional 932 shares during the period. BNP Paribas Arbitrage SNC boosted its stake in shares of Citizens & Northern by 26.9% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 4,218 shares of the financial services provider’s stock valued at $81,000 after buying an additional 893 shares during the period. Finally, UBS Group AG boosted its stake in shares of Citizens & Northern by 66.2% in the 3rd quarter. UBS Group AG now owns 2,122 shares of the financial services provider’s stock valued at $51,000 after buying an additional 845 shares during the period. 29.12% of the stock is currently owned by hedge funds and other institutional investors.
About Citizens & Northern
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and lending services to individual and corporate customers. The company's lending portfolio includes commercial, mortgage, and consumer loans, as well as specialized instruments such as commercial letters-of-credit; and offers deposit products, which includes various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposit.
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