Short Interest in Citizens & Northern Co. (NASDAQ:CZNC) Rises By 7.0%

Citizens & Northern Co. (NASDAQ:CZNC) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 61,300 shares, an increase of 7.0% from the October 15th total of 57,300 shares. Based on an average trading volume of 21,000 shares, the short-interest ratio is currently 2.9 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently modified their holdings of CZNC. SG Americas Securities LLC bought a new stake in shares of Citizens & Northern during the third quarter worth approximately $102,000. BNP Paribas Financial Markets raised its stake in shares of Citizens & Northern by 82.6% during the first quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,440 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in Citizens & Northern during the second quarter valued at approximately $187,000. Barclays PLC grew its holdings in Citizens & Northern by 290.1% during the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 14,418 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Citizens & Northern by 4.4% during the second 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 purchasing an additional 4,173 shares during the period. 30.83% of the stock is owned by institutional investors.

Citizens & Northern Price Performance

Shares of NASDAQ CZNC traded down $0.27 during trading on Tuesday, reaching $19.84. The company had a trading volume of 4,246 shares, compared to its average volume of 24,870. Citizens & Northern has a 52 week low of $16.50 and a 52 week high of $23.50. The stock has a market cap of $305.81 million, a PE ratio of 13.92 and a beta of 0.46. 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 moving average price is $19.51 and its 200-day moving average price is $18.78.

Citizens & Northern (NASDAQ:CZNC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. The company had revenue of $27.49 million during the quarter, compared to the consensus estimate of $28.10 million. Analysts expect that Citizens & Northern will post 1.6 earnings per share for the current year.

Citizens & Northern Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Monday, October 28th. Citizens & Northern’s dividend payout ratio (DPR) is 77.78%.

About Citizens & Northern

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.