Barclays PLC Boosts Stake in Citizens & Northern Co. (NASDAQ:CZNC)

Barclays PLC boosted its stake in Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 290.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,388 shares of the financial services provider's stock after buying an additional 14,418 shares during the quarter. Barclays PLC owned approximately 0.13% of Citizens & Northern worth $381,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC bought a new position in Citizens & Northern in the 3rd quarter worth approximately $102,000. Stone House Investment Management LLC raised its holdings in shares of 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 worth $1,876,000 after acquiring an additional 9,470 shares in the last quarter. State Street Corp grew its position in Citizens & Northern by 1.1% in the third 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Citizens & Northern Stock Up 1.2 %

Shares of Citizens & Northern stock traded up $0.23 during trading hours on Friday, reaching $19.01. The company's stock had a trading volume of 27,833 shares, compared to its average volume of 31,839. Citizens & Northern Co. has a one year low of $16.50 and a one year high of $22.20. The stock's fifty day simple moving average is $19.49 and its two-hundred day simple moving average is $19.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $292.94 million, a P/E ratio of 13.20 and a beta of 0.48.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its quarterly 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). The business had revenue of $27.49 million for the quarter, compared to the consensus estimate of $28.10 million. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. On average, research analysts forecast that Citizens & Northern Co. will post 1.61 earnings per share for the current year.

Citizens & Northern Company Profile

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.