JPMorgan Chase & Co. increased its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 117.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,275 shares of the financial services provider's stock after purchasing an additional 28,243 shares during the period. JPMorgan Chase & Co. owned approximately 0.34% of Citizens & Northern worth $972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of CZNC. Wilmington Savings Fund Society FSB acquired a new position in shares of Citizens & Northern in the 3rd quarter valued at $37,000. SG Americas Securities LLC raised its position in shares of Citizens & Northern by 22.3% in the fourth quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock worth $118,000 after acquiring an additional 1,153 shares during the period. Barclays PLC boosted its stake in shares of Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock worth $381,000 after acquiring an additional 14,418 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Citizens & Northern during the 4th quarter valued at about $429,000. Finally, Hudock Inc. increased its stake in shares of Citizens & Northern by 42.2% in the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider's stock valued at $860,000 after purchasing an additional 13,712 shares in the last quarter. Hedge funds and other institutional investors own 30.83% of the company's stock.
Citizens & Northern Price Performance
Citizens & Northern stock opened at $19.05 on Monday. 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's fifty day moving average price is $19.94 and its 200 day moving average price is $19.88. The stock has a market capitalization of $294.63 million, a P/E ratio of 11.27 and a beta of 0.40. Citizens & Northern Co. has a 1 year low of $16.50 and a 1 year high of $22.68.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The company had revenue of $27.19 million for the quarter, compared to analysts' expectations of $28.30 million. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. As a group, equities research analysts anticipate that Citizens & Northern Co. will post 1.91 earnings per share for the current fiscal year.
Citizens & Northern Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Sunday, May 4th will be given a $0.28 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.12 annualized dividend and a dividend yield of 5.88%. Citizens & Northern's dividend payout ratio (DPR) is presently 64.00%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Citizens & Northern from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.
View Our Latest Stock Report on Citizens & Northern
About Citizens & Northern
(
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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