Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Update

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 54,800 shares, a decline of 12.0% from the November 15th total of 62,300 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 2.3 days.

Citizens & Northern Stock Performance

NASDAQ CZNC traded down $0.22 on Friday, hitting $19.75. 28,568 shares of the company traded hands, compared to its average volume of 25,057. 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 business's 50 day moving average price is $19.85 and its 200-day moving average price is $19.09. The company has a market capitalization of $304.43 million, a price-to-earnings ratio of 13.72 and a beta of 0.47. Citizens & Northern has a 52-week low of $16.50 and a 52-week high of $23.50.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The firm had revenue of $27.49 million for the quarter, compared to the consensus estimate of $28.10 million. Equities analysts expect that Citizens & Northern will post 1.61 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Monday, October 28th. Citizens & Northern's dividend payout ratio (DPR) is presently 77.78%.

Analysts Set New Price Targets

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

Institutional Trading of Citizens & Northern

Several hedge funds have recently modified their holdings of CZNC. SG Americas Securities LLC purchased a new stake in shares of Citizens & Northern in the third quarter valued at $102,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Citizens & Northern during the 2nd quarter valued at $187,000. Bank of New York Mellon Corp boosted its holdings in Citizens & Northern by 4.4% in the second 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 in the last quarter. Citizens & Northern Corp increased its stake in Citizens & Northern by 7.0% during the 2nd quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider's stock valued at $5,893,000 after purchasing an additional 21,443 shares in the last quarter. Finally, Barclays PLC raised its stake in Citizens & Northern by 290.1% in 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 during the last quarter. 30.83% of the stock is owned by hedge funds and other institutional investors.

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.

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