Jane Street Group LLC Sells 4,185 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Jane Street Group LLC reduced its position in Citizens & Northern Co. (NASDAQ:CZNC) by 29.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,072 shares of the financial services provider’s stock after selling 4,185 shares during the period. Jane Street Group LLC’s holdings in Citizens & Northern were worth $198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Citizens & Northern during the 3rd quarter worth approximately $102,000. J.W. Cole Advisors Inc. purchased a new position in shares of Citizens & Northern in the second quarter valued at $187,000. Bank of New York Mellon Corp increased its position in Citizens & Northern by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 4,173 shares during the last quarter. Stone House Investment Management LLC raised its stake in Citizens & Northern by 11.0% during the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after purchasing an additional 9,470 shares in the last quarter. Finally, State Street Corp lifted its position in Citizens & Northern by 1.1% during the third quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock valued at $6,082,000 after purchasing an additional 3,297 shares during the last quarter. 30.83% of the stock is owned by institutional investors.

Citizens & Northern Trading Down 2.6 %

Shares of NASDAQ CZNC opened at $18.14 on Monday. The stock has a market capitalization of $279.61 million, a P/E ratio of 12.60 and a beta of 0.48. Citizens & Northern Co. has a 1-year low of $16.50 and a 1-year high of $22.20. The business’s 50 day moving average is $19.61 and its two-hundred day moving average is $19.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The company had revenue of $27.49 million for the quarter, compared to the consensus estimate of $28.10 million. As a group, research analysts expect that Citizens & Northern Co. will post 1.61 EPS for the current year.

Citizens & Northern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Monday, October 28th. Citizens & Northern’s dividend payout ratio is currently 77.78%.

Analyst Ratings Changes

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

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.