Connor Clark & Lunn Investment Management Ltd. Makes New $429,000 Investment in Citizens & Northern Co. (NASDAQ:CZNC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Citizens & Northern Co. (NASDAQ:CZNC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,085 shares of the financial services provider's stock, valued at approximately $429,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of Citizens & Northern as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Citizens & Northern by 186.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider's stock worth $473,000 after acquiring an additional 15,637 shares in the last quarter. Barclays PLC grew its position in shares of Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock valued at $381,000 after buying an additional 14,418 shares during the last quarter. Hudock Inc. raised its position in shares of Citizens & Northern by 42.2% during the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider's stock worth $860,000 after purchasing an additional 13,712 shares during the period. Citizens & Northern Corp lifted its stake in Citizens & Northern by 3.2% in the fourth quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider's stock valued at $6,300,000 after buying an additional 10,392 shares during the last quarter. Finally, Stone House Investment Management LLC boosted its stake in Citizens & Northern by 11.0% during the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider's stock valued at $1,876,000 after purchasing an additional 9,470 shares during the period. Institutional investors and hedge funds own 30.83% of the company's stock.

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Citizens & Northern Price Performance

NASDAQ:CZNC traded up $0.03 during mid-day trading on Wednesday, reaching $20.36. 14,735 shares of the stock were exchanged, compared to its average volume of 26,307. Citizens & Northern Co. has a 1-year low of $16.50 and a 1-year high of $22.68. 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 firm has a market capitalization of $314.89 million, a PE ratio of 12.05 and a beta of 0.44. The business has a fifty day moving average price of $20.71 and a 200 day moving average price of $19.89.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Citizens & Northern Co. will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Monday, February 3rd. This is an increase from Citizens & Northern's previous quarterly dividend of $0.27. Citizens & Northern's dividend payout ratio is 66.27%.

Analyst Ratings Changes

CZNC has been the subject of several recent analyst reports. Piper Sandler raised Citizens & Northern to a "hold" rating in a research note on Monday, December 2nd. StockNews.com lowered Citizens & Northern from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

Citizens & Northern 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.