Citizens & Northern (CZNC) Scheduled to Post Quarterly Earnings on Thursday

Citizens & Northern (NASDAQ:CZNC) is scheduled to be posting its quarterly earnings results on Thursday, April 18th.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. The company had revenue of $25.27 million during the quarter, compared to analysts’ expectations of $26.39 million. On average, analysts expect Citizens & Northern to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Citizens & Northern Trading Up 0.2 %

CZNC stock traded up $0.04 during midday trading on Wednesday, hitting $17.06. The company had a trading volume of 6,890 shares, compared to its average volume of 24,721. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68. Citizens & Northern has a 52 week low of $16.71 and a 52 week high of $23.50. The stock has a market cap of $262.35 million, a price-to-earnings ratio of 10.90 and a beta of 0.44. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $19.42.

Citizens & Northern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Monday, January 29th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, January 26th. This represents a $1.12 dividend on an annualized basis and a yield of 6.57%. Citizens & Northern’s dividend payout ratio is currently 71.34%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CZNC shares. StockNews.com lowered shares of Citizens & Northern from a “hold” rating to a “sell” rating in a report on Friday, March 15th. TheStreet cut Citizens & Northern from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Institutional Trading of Citizens & Northern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. Vanguard Group Inc. increased its position in Citizens & Northern by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 728,844 shares of the financial services provider’s stock valued at $16,348,000 after purchasing an additional 23,954 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Citizens & Northern by 116.6% during the 4th quarter. GSA Capital Partners LLP now owns 21,896 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 11,787 shares in the last quarter. Barclays PLC increased its position in shares of Citizens & Northern by 719.6% during the fourth quarter. Barclays PLC now owns 20,415 shares of the financial services provider’s stock valued at $458,000 after buying an additional 17,924 shares during the period. Nuveen Asset Management LLC raised its stake in Citizens & Northern by 37.8% in the fourth quarter. Nuveen Asset Management LLC now owns 35,506 shares of the financial services provider’s stock worth $796,000 after buying an additional 9,743 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Citizens & Northern by 13.8% in the fourth quarter. Royal Bank of Canada now owns 12,696 shares of the financial services provider’s stock worth $286,000 after buying an additional 1,543 shares during the period. Hedge funds and other 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.