Schwab Charles Investment Management Inc. Has $614,000 Position in Citizens & Northern Co. (CZNC)

Schwab Charles Investment Management Inc. increased its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,729 shares of the financial services provider’s stock after purchasing an additional 3,429 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Citizens & Northern were worth $614,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of Citizens & Northern by 18.1% during the second quarter. First Trust Advisors LP now owns 13,896 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 2,132 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Citizens & Northern during the second quarter worth $162,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Citizens & Northern by 14.7% during the first quarter. Dimensional Fund Advisors LP now owns 247,815 shares of the financial services provider’s stock worth $5,722,000 after purchasing an additional 31,780 shares in the last quarter. Hedge funds and other institutional investors own 29.47% of the company’s stock.

Shares of CZNC stock opened at $25.29 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $326.45 million, a P/E ratio of 18.46 and a beta of 0.44. Citizens & Northern Co. has a 12 month low of $22.00 and a 12 month high of $28.99.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Thursday, October 18th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Citizens & Northern had a return on equity of 9.31% and a net margin of 25.48%.

A number of equities analysts recently commented on the stock. Sandler O’Neill set a $29.00 target price on shares of Citizens & Northern and gave the stock a “hold” rating in a research note on Monday, July 23rd. BidaskClub downgraded shares of Citizens & Northern from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

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

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