Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 58,000 shares, a decline of 14.3% from the February 13th total of 67,700 shares. Approximately 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is presently 1.6 days.
Hedge Funds Weigh In On Citizens & Northern
Several institutional investors and hedge funds have recently bought and sold shares of the business. Stone House Investment Management LLC grew its stake in shares of Citizens & Northern by 11.0% in the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider's stock valued at $1,876,000 after buying an additional 9,470 shares in the last quarter. State Street Corp grew its stake in shares of Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider's stock valued at $6,082,000 after buying an additional 3,297 shares in the last quarter. Barclays PLC grew its stake in shares of Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock valued at $381,000 after buying an additional 14,418 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Citizens & Northern in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 30.83% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on CZNC shares. Piper Sandler upgraded Citizens & Northern to a "hold" rating in a report on Monday, December 2nd. StockNews.com downgraded Citizens & Northern from a "buy" rating to a "hold" rating in a report on Friday, February 28th.
Check Out Our Latest Report on Citizens & Northern
Citizens & Northern Stock Down 1.1 %
NASDAQ:CZNC traded down $0.22 on Friday, hitting $20.41. 67,069 shares of the company's stock traded hands, compared to its average volume of 26,359. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. Citizens & Northern has a 1 year low of $16.50 and a 1 year high of $22.68. The firm has a 50-day moving average price of $20.62 and a 200-day moving average price of $19.87. The company has a market cap of $315.66 million, a PE ratio of 12.08 and a beta of 0.44.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share 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%. Equities analysts anticipate that Citizens & Northern will post 1.91 EPS for the current fiscal year.
Citizens & Northern Increases Dividend
The firm 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 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Citizens & Northern's previous quarterly dividend of $0.27. Citizens & Northern's payout ratio is 66.27%.
About Citizens & Northern
(
Get Free Report)
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.
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