Citizens & Northern (NASDAQ:CZNC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Citizens & Northern Corp (NASDAQ:CZNC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.62 and traded as high as $22.05. Citizens & Northern shares last traded at $21.01, with a volume of 429,518 shares traded.

Analysts Set New Price Targets

CZNC has been the topic of a number of recent research reports. Zacks Research downgraded Citizens & Northern from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Piper Sandler boosted their price target on Citizens & Northern from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Janney Montgomery Scott upgraded Citizens & Northern to a “hold” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Citizens & Northern in a research note on Monday, December 15th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Citizens & Northern currently has an average rating of “Hold” and an average price target of $22.00.

Citizens & Northern Stock Down 4.0%

The company has a market cap of $373.98 million, a price-to-earnings ratio of 11.94 and a beta of 0.57. The business has a 50-day simple moving average of $19.93 and a two-hundred day simple moving average of $19.63. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.59.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share for the quarter. The business had revenue of $26.87 million for the quarter. Citizens & Northern had a return on equity of 9.75% and a net margin of 16.81%. As a group, equities analysts forecast that Citizens & Northern Corp will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, November 3rd. Citizens & Northern’s payout ratio is presently 63.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CZNC. Russell Investments Group Ltd. lifted its position in Citizens & Northern by 521.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,433 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Citizens & Northern in the second quarter worth about $35,000. Raymond James Financial Inc. bought a new position in shares of Citizens & Northern in the second quarter worth about $58,000. Tower Research Capital LLC TRC lifted its position in shares of Citizens & Northern by 596.1% during the 2nd 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 last quarter. Finally, CWM LLC boosted its stake in Citizens & Northern by 210.2% during the 3rd quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 2,422 shares during the period. 30.83% of the stock is currently owned by institutional investors and hedge funds.

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.