Citizens & Northern Co. (NASDAQ:CZNC) Shares Sold by Pennsylvania Capital Management Inc. ADV

Pennsylvania Capital Management Inc. ADV lessened its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,019 shares of the financial services provider’s stock after selling 2,599 shares during the period. Citizens & Northern makes up 0.7% of Pennsylvania Capital Management Inc. ADV’s portfolio, making the stock its 24th biggest position. Pennsylvania Capital Management Inc. ADV owned about 0.67% of Citizens & Northern worth $1,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CZNC. SG Americas Securities LLC acquired a new stake in shares of Citizens & Northern in the third quarter worth $102,000. Stone House Investment Management LLC increased its holdings in Citizens & Northern by 11.0% in the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after purchasing an additional 9,470 shares in the last quarter. State Street Corp lifted its stake in shares of Citizens & Northern by 1.1% during the third quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after purchasing an additional 3,297 shares in the last quarter. Barclays PLC lifted its stake in shares of Citizens & Northern by 290.1% during the third 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, Geode Capital Management LLC boosted its position in shares of Citizens & Northern by 1.2% in the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after buying an additional 4,243 shares during the period. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CZNC. Piper Sandler raised Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Citizens & Northern from a “hold” rating to a “buy” rating in a research note on Monday, January 27th.

Citizens & Northern Trading Down 1.4 %

NASDAQ:CZNC opened at $21.03 on Tuesday. The stock has a market cap of $324.07 million, a price-to-earnings ratio of 12.44 and a beta of 0.49. Citizens & Northern Co. has a one year low of $16.50 and a one year high of $22.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50-day simple moving average is $19.54 and its 200 day simple moving average is $19.54.

Citizens & Northern (NASDAQ:CZNC) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. As a group, sell-side analysts predict that Citizens & Northern Co. will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.12 annualized dividend and a dividend yield of 5.33%. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.27. Citizens & Northern’s payout ratio is presently 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.