Citizens & Northern (NASDAQ:CZNC) Shares Pass Above 200 Day Moving Average - Here's What Happened

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.07 and traded as high as $20.30. Citizens & Northern shares last traded at $19.97, with a volume of 21,755 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded shares of Citizens & Northern to a "hold" rating in a research report on Monday, December 2nd.

Citizens & Northern Price Performance

The company has a market cap of $304.35 million, a P/E ratio of 13.72 and a beta of 0.47. The stock has a 50-day simple moving average of $19.83 and a 200 day simple moving average of $19.07. 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 issued its earnings results on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The firm had revenue of $27.49 million during the quarter, compared to analyst estimates of $28.10 million. On average, equities analysts expect that Citizens & Northern Co. will post 1.61 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date was Monday, October 28th. Citizens & Northern's dividend payout ratio is 77.78%.

Institutional Investors Weigh In On Citizens & Northern

Large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Citizens & Northern in the third quarter valued at $37,000. State Street Corp boosted its stake in shares of Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider's stock valued at $6,082,000 after purchasing an additional 3,297 shares in the last quarter. Bank of New York Mellon Corp increased 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock valued at $6,811,000 after purchasing an additional 4,243 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Citizens & Northern in the third quarter valued at about $102,000. 30.83% of the stock is currently owned by institutional investors.

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.