Citizens & Northern Co. (NASDAQ:CZNC) Shares Acquired by Hudock Inc.

Hudock Inc. lifted its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,235 shares of the financial services provider's stock after purchasing an additional 13,712 shares during the quarter. Hudock Inc. owned about 0.30% of Citizens & Northern worth $860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in Citizens & Northern by 1.2% during the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock valued at $6,811,000 after buying an additional 4,243 shares in the last quarter. State Street Corp lifted its position in Citizens & Northern by 1.1% during the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider's stock worth $6,082,000 after acquiring an additional 3,297 shares in the last quarter. Stone House Investment Management LLC lifted its position in shares of Citizens & Northern by 11.0% during the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider's stock worth $1,876,000 after purchasing an additional 9,470 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Citizens & Northern by 186.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider's stock valued at $473,000 after purchasing an additional 15,637 shares in the last quarter. Finally, Barclays PLC increased its stake 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 buying an additional 14,418 shares during the period. Hedge funds and other institutional investors own 30.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler upgraded Citizens & Northern to a "hold" rating in a research note on Monday, December 2nd. StockNews.com raised shares of Citizens & Northern from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th.

Citizens & Northern Stock Performance

CZNC traded down $0.14 on Monday, hitting $21.40. 33,205 shares of the company's stock were exchanged, compared to its average volume of 46,558. 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 fifty day moving average of $19.74 and a two-hundred day moving average of $19.60. Citizens & Northern Co. has a twelve month low of $16.50 and a twelve month high of $22.68. The firm has a market cap of $329.77 million, a PE ratio of 12.66 and a beta of 0.49.

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

Citizens & Northern Increases Dividend

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

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.