Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) announced a quarterly dividend on Thursday, January 23rd,investing.com reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.28 per share by the financial services provider on Friday, February 14th. This represents a $1.12 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from Citizens & Northern's previous quarterly dividend of $0.27.
Citizens & Northern has increased its dividend payment by an average of 0.3% annually over the last three years. Citizens & Northern has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens & Northern to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 62.2%.
Citizens & Northern Stock Performance
NASDAQ:CZNC traded up $1.20 during trading hours on Monday, reaching $21.91. The stock had a trading volume of 189,909 shares, compared to its average volume of 47,813. The stock has a 50 day simple moving average of $19.39 and a 200 day simple moving average of $19.47. Citizens & Northern has a 12-month low of $16.50 and a 12-month high of $22.20. The stock has a market cap of $337.63 million, a P/E ratio of 15.22 and a beta of 0.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. On average, research analysts forecast that Citizens & Northern will post 1.61 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Piper Sandler upgraded shares of Citizens & Northern to a "hold" rating in a research note on Monday, December 2nd.
Check Out Our Latest Stock Analysis on CZNC
About Citizens & Northern
(
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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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