Barclays PLC Purchases 2,983 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Barclays PLC increased its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,371 shares of the financial services provider’s stock after buying an additional 2,983 shares during the period. Barclays PLC owned about 0.15% of Citizens & Northern worth $416,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CZNC. Wilmington Savings Fund Society FSB purchased a new stake in shares of Citizens & Northern during the third quarter valued at about $37,000. SG Americas Securities LLC boosted its position in Citizens & Northern by 22.3% in the fourth quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,153 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Citizens & Northern by 24.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Citizens & Northern during the 4th quarter worth about $429,000. Finally, JPMorgan Chase & Co. raised its position in Citizens & Northern by 186.3% during the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 15,637 shares in the last quarter. Institutional investors own 30.83% of the company’s stock.

Insider Buying and Selling at Citizens & Northern

In related news, Director Terry L. Lehman purchased 1,400 shares of Citizens & Northern stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average price of $18.70 per share, for a total transaction of $26,180.00. Following the transaction, the director now directly owns 28,237 shares in the company, valued at approximately $528,031.90. This trade represents a 5.22 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 2,210 shares of company stock valued at $41,542 over the last ninety days. Corporate insiders own 4.49% of the company’s stock.

Citizens & Northern Trading Up 0.2 %

CZNC stock opened at $19.18 on Friday. Citizens & Northern Co. has a 52-week low of $16.50 and a 52-week high of $22.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a market cap of $296.64 million, a P/E ratio of 11.35 and a beta of 0.53. The company’s 50-day simple moving average is $19.54 and its 200-day simple moving average is $19.84.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The business had revenue of $27.19 million during the quarter, compared to analyst estimates of $28.30 million. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. As a group, equities analysts forecast that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.

Citizens & Northern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Sunday, May 4th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Friday, May 2nd. Citizens & Northern’s dividend payout ratio is presently 64.00%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.