Citizens & Northern (NASDAQ:CZNC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Citizens & Northern (NASDAQ:CZNC – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler reissued a neutral rating and issued a $26.00 target price on shares of Citizens & Northern in a research report on Thursday, November 17th.

Citizens & Northern Trading Down 3.5 %

Shares of Citizens & Northern stock traded down $0.78 during trading on Thursday, hitting $21.36. The stock had a trading volume of 85,414 shares, compared to its average volume of 22,080. The stock has a 50 day simple moving average of $22.66 and a 200 day simple moving average of $23.47. The company has a market capitalization of $332.15 million, a PE ratio of 12.79 and a beta of 0.36. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.40. Citizens & Northern has a 1 year low of $20.06 and a 1 year high of $25.77.

Citizens & Northern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Investors of record on Friday, February 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Thursday, February 2nd. Citizens & Northern’s payout ratio is presently 67.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. Cetera Advisor Networks LLC purchased a new position in Citizens & Northern during the second quarter valued at approximately $1,061,000. Renaissance Technologies LLC grew its position in Citizens & Northern by 13.9% during the first quarter. Renaissance Technologies LLC now owns 135,641 shares of the financial services provider’s stock valued at $3,307,000 after purchasing an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Citizens & Northern by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 419,095 shares of the financial services provider’s stock valued at $10,218,000 after purchasing an additional 15,005 shares in the last quarter. Bank of America Corp DE grew its position in Citizens & Northern by 100.4% during the fourth quarter. Bank of America Corp DE now owns 21,157 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Citizens & Northern by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 279,640 shares of the financial services provider’s stock valued at $6,392,000 after purchasing an additional 9,756 shares in the last quarter. 27.94% of the stock is owned by hedge funds and other institutional investors.

Citizens & Northern Company Profile

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Citizens & Northern Corp. operates as a holding company. 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, as well as specialized instruments such as commercial letters-of-credit.