Bank of New York Mellon Corp lessened its holdings in Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 31.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,603 shares of the financial services provider's stock after selling 27,197 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.39% of Citizens & Northern worth $1,109,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Citizens & Northern by 186.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider's stock valued at $473,000 after purchasing an additional 15,637 shares during the last quarter. Barclays PLC raised its position in Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock valued at $381,000 after purchasing an additional 14,418 shares during the last quarter. Hudock Inc. boosted its stake in Citizens & Northern by 42.2% during the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider's stock worth $860,000 after purchasing an additional 13,712 shares during the period. Citizens & Northern Corp grew its position in Citizens & Northern by 3.2% during the 4th quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider's stock worth $6,300,000 after purchasing an additional 10,392 shares during the last quarter. Finally, Stone House Investment Management LLC raised its holdings in shares of Citizens & Northern by 11.0% in 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 buying an additional 9,470 shares during the last quarter. 30.83% of the stock is currently owned by institutional investors and hedge funds.
Citizens & Northern Stock Performance
Shares of NASDAQ:CZNC traded down $0.47 during midday trading on Friday, hitting $20.17. The stock had a trading volume of 21,454 shares, compared to its average volume of 27,668. The company has a market capitalization of $311.95 million, a PE ratio of 11.93 and a beta of 0.44. Citizens & Northern Co. has a 1 year low of $16.50 and a 1 year high of $22.68. The stock has a 50 day moving average price of $20.77 and a two-hundred day moving average price of $19.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Citizens & Northern Co. will post 1.91 earnings per share for the current fiscal year.
Citizens & Northern Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.55%. This is an increase from Citizens & Northern's previous quarterly dividend of $0.27. Citizens & Northern's dividend payout ratio (DPR) is 66.27%.
Wall Street Analyst Weigh In
CZNC has been the topic of several recent research reports. StockNews.com cut Citizens & Northern from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Piper Sandler upgraded Citizens & Northern to a "hold" rating in a research note on Monday, December 2nd.
Read Our Latest Research Report on CZNC
Citizens & Northern Profile
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Free Report)
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.
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