Citizens & Northern (NASDAQ:CZNC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Citizens & Northern Corp (NASDAQ:CZNC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.89 and traded as high as $22.16. Citizens & Northern shares last traded at $22.12, with a volume of 21,076 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on CZNC shares. Zacks Research downgraded Citizens & Northern from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings upgraded Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 15th. Finally, Piper Sandler upped their price objective on Citizens & Northern from $22.50 to $23.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.50.

Citizens & Northern Trading Down 0.5%

The company has a market cap of $394.02 million, a P/E ratio of 14.86 and a beta of 0.54. The firm’s 50 day moving average is $22.55 and its two-hundred day moving average is $20.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

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

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 given a $0.28 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.1%. Citizens & Northern’s payout ratio is 75.68%.

Institutional Investors Weigh In On Citizens & Northern

Several institutional investors and hedge funds have recently made changes to their positions in CZNC. Dimensional Fund Advisors LP boosted its holdings in shares of Citizens & Northern by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 604,257 shares of the financial services provider’s stock worth $12,188,000 after buying an additional 18,510 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Citizens & Northern by 16.9% in the fourth quarter. AQR Capital Management LLC now owns 48,147 shares of the financial services provider’s stock worth $971,000 after acquiring an additional 6,970 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Citizens & Northern by 53.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,179 shares of the financial services provider’s stock valued at $851,000 after acquiring an additional 14,627 shares during the period. Bridgeway Capital Management LLC grew its stake in Citizens & Northern by 4.7% in the second quarter. Bridgeway Capital Management LLC now owns 28,498 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 1,277 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Citizens & Northern by 31.1% during the fourth quarter. Wells Fargo & Company MN now owns 20,632 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 4,896 shares in the last quarter. 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.