JPMorgan Chase & Co. Increases Stock Holdings in Citizens & Northern Co. (NASDAQ:CZNC)

JPMorgan Chase & Co. lifted its stake in shares of Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 186.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,032 shares of the financial services provider's stock after purchasing an additional 15,637 shares during the period. JPMorgan Chase & Co. owned 0.16% of Citizens & Northern worth $473,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CZNC. SG Americas Securities LLC purchased a new position in shares of Citizens & Northern in the third quarter worth about $102,000. State Street Corp boosted its holdings in Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider's stock worth $6,082,000 after buying an additional 3,297 shares during the period. Geode Capital Management LLC grew its stake in Citizens & Northern by 1.2% in 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 buying an additional 4,243 shares in the last quarter. Barclays PLC raised its holdings in 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 acquiring an additional 14,418 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Citizens & Northern during the third quarter worth $37,000. Institutional investors own 30.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CZNC shares. StockNews.com upgraded Citizens & Northern from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Piper Sandler upgraded Citizens & Northern to a "hold" rating in a research report on Monday, December 2nd.

Citizens & Northern Price Performance

NASDAQ:CZNC traded down $0.08 during trading hours on Friday, hitting $21.33. The stock had a trading volume of 49,539 shares, compared to its average volume of 43,895. The company has a 50 day simple moving average of $19.54 and a two-hundred day simple moving average of $19.55. The firm has a market capitalization of $328.70 million, a price-to-earnings ratio of 12.62 and a beta of 0.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95. Citizens & Northern Co. has a one year low of $16.50 and a one year high of $22.68.

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

Citizens & Northern Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.28 dividend. This is a positive change from Citizens & Northern's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.25%. Citizens & Northern's dividend 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.