Citizens & Northern (NASDAQ:CZNC) Shares Cross Above 200 Day Moving Average – Should You Sell?

Citizens & Northern Co. (NASDAQ:CZNC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.07 and traded as high as $20.30. Citizens & Northern shares last traded at $19.97, with a volume of 21,755 shares.

Analysts Set New Price Targets

Separately, Piper Sandler upgraded Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.

Citizens & Northern Stock Performance

The stock has a 50 day moving average of $19.83 and a 200 day moving average of $19.07. The company has a market capitalization of $304.43 million, a price-to-earnings ratio of 13.72 and a beta of 0.47. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The firm had revenue of $27.49 million during the quarter, compared to the consensus estimate of $28.10 million. As a group, analysts predict that Citizens & Northern Co. will post 1.61 EPS for the current year.

Citizens & Northern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.12 dividend on an annualized basis and a yield of 5.67%. Citizens & Northern’s payout ratio is currently 77.78%.

Institutional Investors Weigh In On Citizens & Northern

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Citizens & Northern in the third quarter valued at approximately $102,000. J.W. Cole Advisors Inc. bought a new stake in shares of Citizens & Northern in the 2nd quarter valued at $187,000. Bank of New York Mellon Corp lifted its position in shares of Citizens & Northern by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock valued at $1,768,000 after acquiring an additional 4,173 shares during the period. Citizens & Northern Corp boosted its stake in Citizens & Northern by 7.0% during the second quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock worth $5,893,000 after acquiring an additional 21,443 shares in the last quarter. Finally, Barclays PLC grew its holdings in Citizens & Northern by 290.1% in 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 during the period. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.