Citizens & Northern (NASDAQ:CZNC) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Citizens & Northern (NASDAQ:CZNC) from a buy rating to a hold rating in a research note released on Wednesday.

Separately, Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd.

Citizens & Northern Price Performance

NASDAQ CZNC opened at $20.85 on Wednesday. The stock has a market capitalization of $321.38 million, a P/E ratio of 12.34 and a beta of 0.49. Citizens & Northern has a 1 year low of $16.50 and a 1 year high of $22.68. The business’s fifty day moving average is $19.84 and its two-hundred day moving average is $19.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. On average, research analysts forecast that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.28 per share. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 5.37%. The ex-dividend date was Monday, February 3rd. Citizens & Northern’s payout ratio is 66.27%.

Institutional Trading of Citizens & Northern

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Citizens & Northern by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 558,315 shares of the financial services provider’s stock valued at $10,385,000 after acquiring an additional 8,117 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock valued at $6,811,000 after acquiring an additional 4,243 shares in the last quarter. Citizens & Northern Corp grew its holdings in shares of Citizens & Northern by 3.2% during the 4th quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock valued at $6,300,000 after acquiring an additional 10,392 shares in the last quarter. State Street Corp grew its holdings in shares of Citizens & Northern by 1.1% during the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock valued at $6,082,000 after acquiring an additional 3,297 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Citizens & Northern by 5.3% during the 4th quarter. Northern Trust Corp now owns 134,330 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 6,814 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.