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

Citizens & Northern Co. (NASDAQ:CZNC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.73 and traded as high as $20.62. Citizens & Northern shares last traded at $20.18, with a volume of 24,783 shares trading hands.

Citizens & Northern Stock Down 1.1 %

The company has a market capitalization of $310.97 million, a P/E ratio of 14.01 and a beta of 0.46. The company has a 50-day moving average of $19.48 and a two-hundred day moving average of $18.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $27.49 million for the quarter, compared to the consensus estimate of $28.10 million. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. On average, research analysts predict that Citizens & Northern Co. will post 1.6 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Monday, October 28th. Citizens & Northern’s dividend payout ratio (DPR) is presently 77.78%.

Hedge Funds Weigh In On Citizens & Northern

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Citizens & Northern during the 3rd quarter valued at approximately $102,000. BNP Paribas Financial Markets increased its holdings in shares of Citizens & Northern by 82.6% during the first quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 3,440 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Citizens & Northern during the second quarter valued at $187,000. Barclays PLC raised its position in shares of Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 14,418 shares during the last quarter. Finally, Stone House Investment Management LLC boosted its stake in Citizens & Northern by 11.0% in the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock worth $1,876,000 after purchasing an additional 9,470 shares in the last quarter. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.