Citizens & Northern (NASDAQ:CZNC) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.73 and traded as high as $20.62. Citizens & Northern shares last traded at $20.18, with a volume of 24,783 shares traded.

Citizens & Northern Trading Down 1.1 %

The business's 50-day moving average is $19.48 and its two-hundred day moving average is $18.75. 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 stock has a market capitalization of $311.05 million, a PE ratio of 14.01 and a beta of 0.46.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its earnings results 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). The company had revenue of $27.49 million for the quarter, compared to analysts' expectations of $28.10 million. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. On average, analysts predict that Citizens & Northern Co. will post 1.6 earnings per share for the current year.

Citizens & Northern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.55%. Citizens & Northern's payout ratio is currently 77.78%.

Institutional Investors Weigh In On Citizens & Northern

A number of large investors have recently added to or reduced their stakes in CZNC. SG Americas Securities LLC purchased a new position in Citizens & Northern in the 3rd quarter valued at about $102,000. BNP Paribas Financial Markets boosted its holdings in Citizens & Northern by 82.6% in the first quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider's stock valued at $143,000 after purchasing an additional 3,440 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Citizens & Northern during the 2nd quarter valued at approximately $187,000. Barclays PLC increased its holdings in 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 purchasing an additional 14,418 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Citizens & Northern by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider's stock valued at $1,768,000 after purchasing an additional 4,173 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

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.