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

Citizens & Northern Corp (NASDAQ:CZNC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.79 and traded as high as $21.85. Citizens & Northern shares last traded at $21.73, with a volume of 34,332 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on CZNC. Zacks Research raised shares of Citizens & Northern from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Piper Sandler lifted their target price 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, Weiss Ratings raised shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Citizens & Northern Trading Up 0.3%

The firm has a market cap of $389.18 million, a price-to-earnings ratio of 14.68 and a beta of 0.54. The company has a quick ratio of 0.93, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $22.30 and a 200 day moving average price of $20.79.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.56 EPS for the quarter. Citizens & Northern had a return on equity of 9.79% and a net margin of 13.75%.The firm had revenue of $64.78 million for the quarter. As a group, research analysts anticipate that Citizens & Northern Corp will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citizens & Northern’s dividend payout ratio is 75.68%.

Hedge Funds Weigh In On Citizens & Northern

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in shares of Citizens & Northern in the first quarter valued at $236,000. Jane Street Group LLC acquired a new position in Citizens & Northern in the first quarter valued at about $324,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Citizens & Northern by 1.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,428 shares of the financial services provider’s stock worth $841,000 after buying an additional 623 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 valued at $6,926,000 after acquiring an additional 7,811 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Citizens & Northern by 7.5% in the 2nd quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider’s stock valued at $430,000 after buying an additional 1,592 shares in the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

About Citizens & Northern

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.