Citizens & Northern (NASDAQ:CZNC) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Citizens & Northern Corp (NASDAQ:CZNC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.80 and traded as high as $20.50. Citizens & Northern shares last traded at $20.41, with a volume of 32,849 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott raised Citizens & Northern to a “hold” rating in a research report on Wednesday, October 22nd. Zacks Research cut Citizens & Northern from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Piper Sandler boosted their price objective on shares of Citizens & Northern from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Citizens & Northern in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.00.

Citizens & Northern Stock Up 0.3%

The firm has a 50-day simple moving average of $20.23 and a 200 day simple moving average of $19.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $364.37 million, a P/E ratio of 11.31 and a beta of 0.56.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings results on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $26.87 million during the quarter. Citizens & Northern had a net margin of 16.81% and a return on equity of 9.75%. On average, equities research analysts forecast that Citizens & Northern Corp will post 1.91 EPS for the current year.

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, November 3rd. Citizens & Northern’s dividend payout ratio is currently 63.64%.

Institutional Trading of Citizens & Northern

A number of large investors have recently modified their holdings of CZNC. Hudock Inc. grew its holdings in shares of Citizens & Northern by 1.3% during the second quarter. Hudock Inc. now owns 46,110 shares of the financial services provider’s stock worth $873,000 after buying an additional 587 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Citizens & Northern by 1.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,428 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 623 shares during the last quarter. Stone House Investment Management LLC grew its stake in shares of Citizens & Northern by 0.8% in the 2nd quarter. Stone House Investment Management LLC now owns 99,467 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 828 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Citizens & Northern by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 14,504 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 892 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Citizens & Northern by 4.7% during the second quarter. Bridgeway Capital Management LLC now owns 28,498 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 1,277 shares during the last quarter. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.