Citizens & Northern (NASDAQ:CZNC) Shares Cross Above 200 Day Moving Average of $18.37

Citizens & Northern Co. (NASDAQ:CZNC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.37 and traded as high as $19.80. Citizens & Northern shares last traded at $19.69, with a volume of 11,200 shares.

Citizens & Northern Stock Performance

The stock’s 50-day moving average is $19.53 and its 200-day moving average is $18.37. The stock has a market cap of $302.75 million, a price-to-earnings ratio of 12.95 and a beta of 0.46. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.86.

Citizens & Northern (NASDAQ:CZNC) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $27.50 million during the quarter, compared to the consensus estimate of $26.90 million. Citizens & Northern had a net margin of 15.75% and a return on equity of 9.06%. On average, analysts expect that Citizens & Northern Co. will post 1.66 EPS for the current year.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Monday, July 29th. Citizens & Northern’s dividend payout ratio (DPR) is presently 73.68%.

Hedge Funds Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently bought and sold shares of CZNC. Citizens & Northern Corp boosted its holdings in Citizens & Northern by 7.0% in the 2nd quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock worth $5,893,000 after acquiring an additional 21,443 shares during the period. Vanguard Group Inc. boosted its holdings in Citizens & Northern by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock worth $13,941,000 after acquiring an additional 13,488 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Citizens & Northern in the 2nd quarter worth approximately $187,000. Bank of New York Mellon Corp boosted its holdings in Citizens & Northern by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock worth $1,768,000 after acquiring an additional 4,173 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Citizens & Northern by 82.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 3,440 shares during the period. Hedge funds and other institutional investors own 30.83% of the company’s stock.

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.