Rhumbline Advisers Trims Holdings in Citizens & Northern Corp $CZNC

Rhumbline Advisers decreased its holdings in Citizens & Northern Corp (NASDAQ:CZNC) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,093 shares of the financial services provider’s stock after selling 1,325 shares during the quarter. Rhumbline Advisers owned about 0.14% of Citizens & Northern worth $424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG raised its position in Citizens & Northern by 3.6% during the 4th quarter. Deutsche Bank AG now owns 14,566 shares of the financial services provider’s stock worth $271,000 after buying an additional 504 shares during the last quarter. BNP Paribas Financial Markets raised its position in Citizens & Northern by 28.7% during the 4th quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider’s stock worth $77,000 after buying an additional 918 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Citizens & Northern by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 42,672 shares of the financial services provider’s stock worth $859,000 after buying an additional 1,547 shares during the last quarter. Bank of America Corp DE raised its position in Citizens & Northern by 13.1% during the 4th quarter. Bank of America Corp DE now owns 22,211 shares of the financial services provider’s stock worth $413,000 after buying an additional 2,577 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Citizens & Northern by 4,814.8% during the 1st quarter. GAMMA Investing LLC now owns 2,998 shares of the financial services provider’s stock worth $60,000 after buying an additional 2,937 shares during the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

Citizens & Northern Stock Down 1.1%

Shares of Citizens & Northern stock opened at $19.76 on Wednesday. The company has a market cap of $306.68 million, a P/E ratio of 11.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.94 and a current ratio of 0.94. Citizens & Northern Corp has a one year low of $17.85 and a one year high of $22.68. The firm has a fifty day moving average of $19.64 and a two-hundred day moving average of $19.41.

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

Citizens & Northern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 4th were given a dividend of $0.28 per share. The ex-dividend date was Monday, August 4th. This represents a $1.12 dividend on an annualized basis and a yield of 5.7%. 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.