Citizens & Northern (NASDAQ:CZNC) Stock Passes Above 200 Day Moving Average - Time to Sell?

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.43 and traded as high as $20.01. Citizens & Northern shares last traded at $19.74, with a volume of 16,946 shares changing hands.

Citizens & Northern Trading Up 1.7 %

The company has a market capitalization of $308.75 million, a PE ratio of 13.20 and a beta of 0.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.86. The firm's 50 day simple moving average is $19.30 and its 200-day simple moving average is $18.43.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. Citizens & Northern had a net margin of 15.75% and a return on equity of 9.06%. The business had revenue of $27.50 million during the quarter, compared to analyst estimates of $26.90 million. As a group, equities research analysts anticipate that Citizens & Northern Co. will post 1.66 EPS for the current year.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Monday, July 29th. Citizens & Northern's dividend payout ratio is currently 73.68%.

Institutional Trading of Citizens & Northern

Several institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. BNP Paribas Financial Markets raised its stake in shares of Citizens & Northern by 82.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider's stock valued at $143,000 after acquiring an additional 3,440 shares in the last quarter. Bank of New York Mellon Corp lifted 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 buying an additional 4,173 shares during the period. SG Americas Securities LLC acquired a new position in Citizens & Northern during the third quarter worth $102,000. J.W. Cole Advisors Inc. acquired a new position in Citizens & Northern in the second quarter valued at about $187,000. Finally, Vanguard Group Inc. increased its holdings in Citizens & Northern by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider's stock valued at $13,941,000 after purchasing an additional 13,488 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

About Citizens & Northern

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.