Stone House Investment Management LLC Sells 44,690 Shares of Citizens & Northern Co. (NASDAQ:CZNC)

Stone House Investment Management LLC trimmed its stake in shares of Citizens & Northern Co. (NASDAQ:CZNC - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 50,565 shares of the financial services provider's stock after selling 44,690 shares during the quarter. Stone House Investment Management LLC owned about 0.33% of Citizens & Northern worth $941,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CZNC. Wilmington Savings Fund Society FSB acquired a new stake in shares of Citizens & Northern in the 3rd quarter valued at approximately $37,000. SG Americas Securities LLC boosted its holdings in shares of Citizens & Northern by 22.3% during the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock valued at $118,000 after acquiring an additional 1,153 shares in the last quarter. Wells Fargo & Company MN grew its position in Citizens & Northern by 24.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider's stock worth $179,000 after acquiring an additional 1,900 shares during the last quarter. Barclays PLC increased its holdings in Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock worth $381,000 after purchasing an additional 14,418 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Citizens & Northern during the fourth quarter valued at about $429,000. 30.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Citizens & Northern from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

Citizens & Northern Trading Up 0.4 %

CZNC traded up $0.08 during trading on Friday, reaching $18.84. 20,354 shares of the stock traded hands, compared to its average volume of 28,398. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The stock's 50-day moving average is $20.17 and its 200 day moving average is $19.85. Citizens & Northern Co. has a 12 month low of $16.50 and a 12 month high of $22.68. The stock has a market capitalization of $291.38 million, a PE ratio of 11.15 and a beta of 0.40.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 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%. Equities analysts anticipate that Citizens & Northern Co. will post 1.91 earnings per share for the current year.

Citizens & Northern Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.28 per share. This is an increase from Citizens & Northern's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.12 annualized dividend and a dividend yield of 5.94%. Citizens & Northern's dividend payout ratio (DPR) is 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.