Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Up 7.0% in October

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 61,300 shares, a growth of 7.0% from the October 15th total of 57,300 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 2.9 days.

Institutional Trading of Citizens & Northern

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Citizens & Northern by 290.1% during the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock worth $381,000 after buying an additional 14,418 shares during the period. Geode Capital Management LLC raised its stake in Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock valued at $6,811,000 after acquiring an additional 4,243 shares during the last quarter. State Street Corp lifted its position in Citizens & Northern by 1.1% during the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider's stock worth $6,082,000 after acquiring an additional 3,297 shares during the period. Stone House Investment Management LLC lifted its position in Citizens & Northern by 11.0% during the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider's stock worth $1,876,000 after acquiring an additional 9,470 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Citizens & Northern in the 3rd quarter valued at approximately $102,000. Hedge funds and other institutional investors own 30.83% of the company's stock.

Citizens & Northern Stock Down 0.4 %

NASDAQ:CZNC traded down $0.09 during mid-day trading on Tuesday, hitting $20.02. The stock had a trading volume of 11,249 shares, compared to its average volume of 24,902. Citizens & Northern has a twelve month low of $16.50 and a twelve month high of $23.50. The stock has a 50-day simple moving average of $19.51 and a two-hundred day simple moving average of $18.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $308.59 million, a PE ratio of 13.90 and a beta of 0.46.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $28.10 million. On average, equities research analysts anticipate that Citizens & Northern will post 1.6 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.28 dividend. The ex-dividend date was Monday, October 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.59%. Citizens & Northern's payout ratio is 77.78%.

Citizens & Northern Company Profile

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.