Goldman Sachs Group Inc. Has $889,000 Holdings in Citizens & Northern Corp $CZNC

Goldman Sachs Group Inc. lessened its stake in Citizens & Northern Corp (NASDAQ:CZNC) by 2.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,202 shares of the financial services provider’s stock after selling 932 shares during the quarter. Goldman Sachs Group Inc. owned about 0.29% of Citizens & Northern worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Citizens & Northern by 4,814.8% in the first quarter. GAMMA Investing LLC now owns 2,998 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,937 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Citizens & Northern by 28.7% during the fourth quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 918 shares during the last quarter. Alexander Labrunerie & CO. Inc. bought a new stake in shares of Citizens & Northern during the first quarter worth about $207,000. Empowered Funds LLC bought a new stake in shares of Citizens & Northern during the first quarter worth about $236,000. Finally, Deutsche Bank AG grew its holdings in shares of Citizens & Northern by 3.6% during the fourth quarter. Deutsche Bank AG now owns 14,566 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Stock Performance

NASDAQ:CZNC opened at $19.98 on Tuesday. The stock has a market cap of $310.09 million, a P/E ratio of 11.42 and a beta of 0.58. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average is $19.63 and its 200-day moving average is $19.41. Citizens & Northern Corp has a 1-year low of $17.85 and a 1-year high of $22.68.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings results on Friday, August 8th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.07). Citizens & Northern had a return on equity of 9.60% and a net margin of 16.77%.The firm had revenue of $29.28 million for the quarter, compared to the consensus estimate of $27.70 million. Equities research analysts anticipate that Citizens & Northern Corp will post 1.91 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were issued a $0.28 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.12 annualized dividend and a yield of 5.6%. Citizens & Northern’s dividend payout ratio is presently 64.00%.

Citizens & Northern Company Profile

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.