Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) Director Terry L. Lehman acquired 1,400 shares of Citizens & Northern stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $18.70 per share, with a total value of $26,180.00. Following the transaction, the director now owns 28,237 shares in the company, valued at approximately $528,031.90. This trade represents a 5.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Citizens & Northern Stock Up 1.5 %
Shares of NASDAQ:CZNC opened at $19.04 on Wednesday. The firm has a market cap of $294.47 million, a P/E ratio of 11.27 and a beta of 0.40. Citizens & Northern Co. has a 52-week low of $16.50 and a 52-week high of $22.68. The business's 50 day simple moving average is $19.84 and its two-hundred day simple moving average is $19.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). The business had revenue of $27.19 million during the quarter, compared to the consensus estimate of $28.30 million. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. As a group, research analysts forecast that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.
Citizens & Northern Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Sunday, May 4th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Friday, May 2nd. Citizens & Northern's dividend payout ratio (DPR) is presently 64.00%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Citizens & Northern in the 3rd quarter valued at $37,000. GAMMA Investing LLC grew its stake in shares of Citizens & Northern by 4,814.8% in the 1st quarter. GAMMA Investing LLC now owns 2,998 shares of the financial services provider's stock worth $60,000 after acquiring an additional 2,937 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Citizens & Northern by 28.7% in the 4th quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider's stock worth $77,000 after acquiring an additional 918 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Citizens & Northern by 22.3% in the fourth quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Citizens & Northern by 24.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider's stock valued at $179,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 30.83% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Citizens & Northern from a "buy" rating to a "hold" rating in a report on Friday, February 28th.
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About Citizens & Northern
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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.
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