Citizens & Northern (NASDAQ:CZNC) Share Price Crosses Above 200 Day Moving Average - Here's Why

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.62 and traded as high as $20.85. Citizens & Northern shares last traded at $20.60, with a volume of 125,027 shares trading hands.

Citizens & Northern Stock Performance

The stock has a market cap of $310.11 million, a PE ratio of 13.99 and a beta of 0.46. The firm's 50-day moving average is $19.36 and its 200 day moving average is $18.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.94 and a current ratio of 0.94.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a return on equity of 8.40% and a net margin of 14.47%. The business had revenue of $27.49 million for the quarter, compared to analyst estimates of $28.10 million. As a group, research analysts anticipate that Citizens & Northern Co. will post 1.6 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, October 28th. Citizens & Northern's dividend payout ratio (DPR) is presently 77.78%.

Institutional Inflows and Outflows

A number of institutional investors and 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 worth about $102,000. BNP Paribas Financial Markets boosted its holdings in shares of Citizens & Northern by 82.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider's stock valued at $143,000 after buying an additional 3,440 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Citizens & Northern during the second quarter valued at approximately $187,000. Bank of New York Mellon Corp raised its position in shares of Citizens & Northern by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider's stock worth $1,768,000 after purchasing an additional 4,173 shares during the period. Finally, Citizens & Northern Corp lifted its holdings in shares of Citizens & Northern by 7.0% in the 2nd quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider's stock worth $5,893,000 after purchasing an additional 21,443 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company's stock.

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.