Citizens & Northern Co. (NASDAQ:CZNC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,150 shares of the financial services provider’s stock after purchasing an additional 1,409 shares during the period. SG Americas Securities LLC’s holdings in Citizens & Northern were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CZNC. State Street Corp lifted its position in Citizens & Northern by 12.2% during the first quarter. State Street Corp now owns 292,570 shares of the financial services provider’s stock valued at $6,255,000 after purchasing an additional 31,778 shares during the period. BlackRock Inc. lifted its position in Citizens & Northern by 2.5% during the second quarter. BlackRock Inc. now owns 1,092,029 shares of the financial services provider’s stock valued at $21,076,000 after purchasing an additional 26,751 shares during the period. Dimensional Fund Advisors LP lifted its position in Citizens & Northern by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 491,812 shares of the financial services provider’s stock valued at $9,492,000 after purchasing an additional 23,359 shares during the period. Renaissance Technologies LLC raised its position in shares of Citizens & Northern by 13.9% in the first quarter. Renaissance Technologies LLC now owns 135,641 shares of the financial services provider’s stock worth $3,307,000 after acquiring an additional 16,600 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Citizens & Northern in the second quarter worth about $264,000. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Citizens & Northern Stock Down 1.2 %

CZNC opened at $17.04 on Monday. Citizens & Northern Co. has a twelve month low of $16.71 and a twelve month high of $23.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $18.33 and a 200 day moving average price of $19.43. The company has a market cap of $262.08 million, a PE ratio of 10.85 and a beta of 0.44.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. The company had revenue of $25.27 million for the quarter, compared to analyst estimates of $26.39 million. Sell-side analysts expect that Citizens & Northern Co. will post 1.63 earnings per share for the current fiscal year.

Citizens & Northern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Monday, January 29th were given a dividend of $0.28 per share. The ex-dividend date was Friday, January 26th. This represents a $1.12 annualized dividend and a dividend yield of 6.57%. Citizens & Northern’s dividend payout ratio (DPR) is presently 71.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CZNC. TheStreet downgraded shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Citizens & Northern from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

Citizens & Northern Company 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.