Citizens & Northern (NASDAQ:CZNC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Citizens & Northern Corp (NASDAQ:CZNC) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.37 and traded as high as $24.09. Citizens & Northern shares last traded at $23.76, with a volume of 39,562 shares traded.

Wall Street Analysts Forecast Growth

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

Citizens & Northern Trading Down 0.5%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $21.68 and its two-hundred day moving average is $20.37. The firm has a market cap of $422.93 million, a price-to-earnings ratio of 16.05 and a beta of 0.55.

Citizens & Northern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, February 2nd. Citizens & Northern’s dividend payout ratio is 75.68%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in shares of Citizens & Northern by 521.1% during the third quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,433 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Citizens & Northern by 71.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 749 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Citizens & Northern in the 2nd quarter worth $58,000. Tower Research Capital LLC TRC grew its stake in shares of Citizens & Northern by 596.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 2,939 shares during the period. Finally, CWM LLC lifted its stake in Citizens & Northern by 210.2% in the third quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock valued at $71,000 after buying an additional 2,422 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.