Citizens & Northern (NASDAQ:CZNC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Citizens & Northern Corp (NASDAQ:CZNC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.35 and traded as high as $19.71. Citizens & Northern shares last traded at $19.24, with a volume of 46,527 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CZNC shares. 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 research report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Citizens & Northern in a research report on Wednesday, October 8th. Janney Montgomery Scott raised shares of Citizens & Northern to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research downgraded shares of Citizens & Northern from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.00.

Citizens & Northern Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $298.60 million, a P/E ratio of 10.93 and a beta of 0.56. The company’s 50-day simple moving average is $19.80 and its 200 day simple moving average is $19.35.

Citizens & Northern (NASDAQ:CZNC) last posted its earnings results on Tuesday, June 15th. The financial services provider reported $0.55 EPS for the quarter. The company had revenue of $26.87 million during the quarter. Citizens & Northern had a net margin of 16.81% and a return on equity of 9.86%. As a group, sell-side analysts expect that Citizens & Northern Corp will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Monday, November 3rd. Citizens & Northern’s payout ratio is currently 63.64%.

Institutional Trading of Citizens & Northern

Several large investors have recently added to or reduced their stakes in CZNC. ST Germain D J Co. Inc. bought a new stake in shares of Citizens & Northern during the 2nd quarter worth $35,000. Raymond James Financial Inc. bought a new stake in shares of Citizens & Northern during the 2nd quarter worth $58,000. Tower Research Capital LLC TRC boosted its holdings in shares of Citizens & Northern by 596.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock worth $65,000 after buying an additional 2,939 shares during the period. CWM LLC boosted its holdings in shares of Citizens & Northern by 210.2% during the 3rd quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock worth $71,000 after buying an additional 2,422 shares during the period. Finally, Alexander Labrunerie & CO. Inc. bought a new stake in shares of Citizens & Northern during the 1st quarter worth $207,000. 30.83% of the stock is owned by institutional investors.

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.