Citizens & Northern (NASDAQ:CZNC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Citizens & Northern Corp (NASDAQ:CZNC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.80 and traded as high as $20.50. Citizens & Northern shares last traded at $20.41, with a volume of 32,849 shares.

Analysts Set New Price Targets

CZNC has been the subject of several analyst reports. Zacks Research cut shares of Citizens & Northern from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Piper Sandler increased their price target on shares of Citizens & Northern from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Janney Montgomery Scott raised shares of Citizens & Northern to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Citizens & Northern in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Citizens & Northern currently has an average rating of “Hold” and an average target price of $22.00.

Citizens & Northern Stock Up 1.9%

The firm has a market cap of $363.30 million, a P/E ratio of 11.60 and a beta of 0.56. The firm’s fifty day moving average is $20.20 and its 200 day moving average is $19.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.93.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Citizens & Northern had a net margin of 16.81% and a return on equity of 9.75%. The firm had revenue of $26.87 million during the quarter. As a group, equities research analysts anticipate that Citizens & Northern Corp will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were paid a $0.28 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.12 annualized dividend and a yield of 5.5%. Citizens & Northern’s payout ratio is 63.64%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CZNC. Vanguard Group Inc. boosted its position in shares of Citizens & Northern by 2.3% in the third quarter. Vanguard Group Inc. now owns 823,059 shares of the financial services provider’s stock valued at $16,305,000 after acquiring an additional 18,165 shares during the period. Geode Capital Management LLC raised its stake in Citizens & Northern by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 365,612 shares of the financial services provider’s stock worth $6,926,000 after purchasing an additional 7,811 shares in the last quarter. Stone House Investment Management LLC boosted its holdings in Citizens & Northern by 0.8% in the 2nd quarter. Stone House Investment Management LLC now owns 99,467 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 828 shares during the period. Marshall Wace LLP grew its position in shares of Citizens & Northern by 105.3% during the 2nd quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 29,687 shares in the last quarter. Finally, Hudock Inc. increased its holdings in shares of Citizens & Northern by 1.3% during the second quarter. Hudock Inc. now owns 46,110 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 587 shares during the period. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.