Citizens & Northern (NASDAQ:CZNC) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.83 and traded as high as $20.51. Citizens & Northern shares last traded at $20.44, with a volume of 28,951 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CZNC shares. Piper Sandler raised shares of Citizens & Northern to a "hold" rating in a report on Monday, December 2nd. StockNews.com cut Citizens & Northern from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

Citizens & Northern Trading Down 0.4 %

The business's 50 day moving average is $20.29 and its two-hundred day moving average is $19.85. The firm has a market capitalization of $305.51 million, a P/E ratio of 11.73 and a beta of 0.44. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.08. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. Analysts expect that Citizens & Northern Co. will post 1.91 EPS for the current year.

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Citizens & Northern Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from Citizens & Northern's previous quarterly dividend of $0.27. Citizens & Northern's payout ratio is currently 66.27%.

Institutional Trading of Citizens & Northern

A number of large investors have recently added to or reduced their stakes in CZNC. Wilmington Savings Fund Society FSB bought a new stake in shares of Citizens & Northern during the 3rd quarter worth $37,000. BNP Paribas Financial Markets boosted its position in shares of Citizens & Northern by 28.7% in the 4th quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 918 shares during the period. SG Americas Securities LLC increased its stake in Citizens & Northern by 22.3% in the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock worth $118,000 after purchasing an additional 1,153 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Citizens & Northern by 24.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider's stock worth $179,000 after buying an additional 1,900 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in Citizens & Northern by 33.1% during the fourth quarter. MetLife Investment Management LLC now owns 10,101 shares of the financial services provider's stock valued at $188,000 after buying an additional 2,512 shares in the last quarter. 30.83% of the stock is currently owned by institutional investors.

About Citizens & Northern

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.