Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Down 10.2% in October

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 57,300 shares, a decrease of 10.2% from the September 30th total of 63,800 shares. Currently, 0.4% of the company's shares are short sold. Based on an average daily trading volume, of 20,800 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Citizens & Northern

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citizens & Northern Corp grew its holdings in shares of Citizens & Northern by 7.0% in the second quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider's stock worth $5,893,000 after purchasing an additional 21,443 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Citizens & Northern by 1.9% in the first 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 during the period. J.W. Cole Advisors Inc. bought a new position in Citizens & Northern in the second quarter worth approximately $187,000. SG Americas Securities LLC purchased a new position in Citizens & Northern during the 3rd quarter worth $102,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Citizens & Northern by 4.4% in 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. Hedge funds and other institutional investors own 30.83% of the company's stock.

Citizens & Northern Trading Up 0.2 %

NASDAQ CZNC traded up $0.04 on Wednesday, hitting $19.08. 15,005 shares of the stock were exchanged, compared to its average volume of 24,232. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.94 and a current ratio of 0.94. Citizens & Northern has a 52-week low of $16.50 and a 52-week high of $23.50. The firm has a market capitalization of $293.68 million, a P/E ratio of 13.22 and a beta of 0.45. The stock has a fifty day moving average price of $19.41 and a two-hundred day moving average price of $18.55.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $27.49 million for the quarter, compared to the consensus estimate of $28.10 million. Citizens & Northern had a net margin of 15.75% and a return on equity of 9.06%. Research analysts forecast that Citizens & Northern will post 1.66 EPS for the current fiscal year.

Citizens & Northern Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, October 28th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Monday, October 28th. Citizens & Northern's payout ratio is currently 77.78%.

Citizens & Northern Company Profile

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.