Citizens & Northern Corp (CZNC) Position Reduced by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in Citizens & Northern Corp (NASDAQ:CZNC) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,467 shares of the financial services provider’s stock after selling 93 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Citizens & Northern Corp were worth $104,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Citizens & Northern Corp by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 171,715 shares of the financial services provider’s stock worth $3,994,000 after purchasing an additional 20,885 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Citizens & Northern Corp during the second quarter worth about $801,000. Parametric Portfolio Associates LLC grew its holdings in shares of Citizens & Northern Corp by 30.9% during the second quarter. Parametric Portfolio Associates LLC now owns 15,119 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 3,568 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Citizens & Northern Corp by 0.3% during the second quarter. Vanguard Group Inc. now owns 428,290 shares of the financial services provider’s stock worth $9,962,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Citizens & Northern Corp by 3.9% during the second quarter. Northern Trust Corp now owns 135,641 shares of the financial services provider’s stock worth $3,155,000 after purchasing an additional 5,052 shares during the last quarter. 28.46% of the stock is currently owned by institutional investors.

Shares of Citizens & Northern Corp (NASDAQ CZNC) opened at 25.67 on Friday. The firm has a market cap of $312.56 million, a P/E ratio of 19.61 and a beta of 0.48. Citizens & Northern Corp has a 12 month low of $20.54 and a 12 month high of $26.57. The company has a 50-day moving average of $23.77 and a 200-day moving average of $23.25.

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Several brokerages have issued reports on CZNC. TheStreet raised Citizens & Northern Corp from a “c+” rating to a “b+” rating in a report on Monday, July 10th. BidaskClub lowered Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.

In other Citizens & Northern Corp news, Director Edward H. Owlett III sold 8,921 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $22.11, for a total value of $197,243.31. Following the completion of the transaction, the director now owns 11,770 shares in the company, valued at approximately $260,234.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward H. Owlett III sold 11,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $22.95, for a total transaction of $252,450.00. Following the completion of the transaction, the director now owns 35,289 shares of the company’s stock, valued at approximately $809,882.55. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 12,202 shares of company stock valued at $277,225 and sold 35,519 shares valued at $796,203. 4.31% of the stock is currently owned by corporate insiders.

Citizens & Northern Corp Company Profile

Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.

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Institutional Ownership by Quarter for Citizens & Northern Corp (NASDAQ:CZNC)

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