Citizens & Northern (NASDAQ:CZNC) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.57 and traded as high as $22.17. Citizens & Northern shares last traded at $21.92, with a volume of 43,886 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of Citizens & Northern from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Piper Sandler upgraded Citizens & Northern to a "hold" rating in a report on Monday, December 2nd.

Citizens & Northern Trading Down 0.6 %

The company has a fifty day simple moving average of $19.74 and a 200-day simple moving average of $19.60. The stock has a market cap of $329.77 million, a price-to-earnings ratio of 12.66 and a beta of 0.49. The company has a current ratio of 0.95, a quick 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 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. On average, research analysts forecast that Citizens & Northern Co. will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.28 per share. This is an increase from Citizens & Northern's previous quarterly dividend of $0.27. The ex-dividend date was Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.23%. Citizens & Northern's payout ratio is currently 66.27%.

Institutional Investors Weigh In On Citizens & Northern

A number of institutional investors have recently bought and sold shares of CZNC. Wilmington Savings Fund Society FSB purchased a new position in Citizens & Northern during the third quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new position in shares of Citizens & Northern in the third quarter worth $102,000. Wells Fargo & Company MN raised its holdings in shares of Citizens & Northern by 24.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider's stock worth $179,000 after acquiring an additional 1,900 shares in the last quarter. MetLife Investment Management LLC boosted its position 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 purchasing an additional 2,512 shares during the last quarter. Finally, Barclays PLC grew its stake in Citizens & Northern by 290.1% in the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock valued at $381,000 after purchasing an additional 14,418 shares in the last quarter. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Citizens & Northern Company Profile

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.