Citizens & Northern (NASDAQ:CZNC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Citizens & Northern Corp (NASDAQ:CZNC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.18 and traded as high as $23.49. Citizens & Northern shares last traded at $23.31, with a volume of 42,048 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on CZNC. Zacks Research raised Citizens & Northern from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 29th. Weiss Ratings raised Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 15th. Janney Montgomery Scott upgraded Citizens & Northern to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler boosted their target price on shares of Citizens & Northern from $22.50 to $23.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Citizens & Northern presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Citizens & Northern Stock Down 0.8%

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a market cap of $414.92 million, a PE ratio of 15.75 and a beta of 0.55. The business’s 50-day simple moving average is $21.30 and its 200 day simple moving average is $20.18.

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, February 2nd. Citizens & Northern’s dividend payout ratio (DPR) is 75.68%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CZNC. Raymond James Financial Inc. bought a new position in shares of Citizens & Northern during the 2nd quarter worth approximately $58,000. Rhumbline Advisers grew its holdings in Citizens & Northern by 7.5% in the second quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,592 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Citizens & Northern during the first quarter worth $324,000. Empowered Funds LLC acquired a new position in shares of Citizens & Northern during the first quarter worth $236,000. Finally, Innova Wealth Partners purchased a new stake in shares of Citizens & Northern during the 4th quarter valued at $203,000. 30.83% of the stock is owned by institutional investors.

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.