IVC Wealth Advisors LLC Reduces Stake in Citizens & Northern Co. (NASDAQ:CZNC)

IVC Wealth Advisors LLC lowered its position in shares of Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,986 shares of the financial services provider's stock after selling 17,920 shares during the period. Citizens & Northern comprises approximately 0.9% of IVC Wealth Advisors LLC's holdings, making the stock its 24th largest holding. IVC Wealth Advisors LLC owned about 0.53% of Citizens & Northern worth $1,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Citizens & Northern during the 3rd quarter valued at $37,000. SG Americas Securities LLC bought a new stake in Citizens & Northern during the third quarter valued at about $102,000. Barclays PLC boosted its position in Citizens & Northern by 290.1% during 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. JPMorgan Chase & Co. grew its stake in Citizens & Northern by 186.3% in the third 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 during the last quarter. Finally, Stone House Investment Management LLC raised its holdings in Citizens & Northern by 11.0% in 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. 30.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Citizens & Northern Stock Up 7.6 %

Shares of CZNC stock traded up $1.46 during trading hours on Friday, reaching $20.71. 82,086 shares of the company's stock were exchanged, compared to its average volume of 38,346. 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 company has a market cap of $319.14 million, a price-to-earnings ratio of 14.38 and a beta of 0.48. Citizens & Northern Co. has a fifty-two week low of $16.50 and a fifty-two week high of $22.20. The stock's 50 day moving average is $19.40 and its 200-day moving average is $19.41.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. Analysts predict that Citizens & Northern Co. will post 1.61 earnings per share for the current fiscal year.

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.