Citizens & Northern (NASDAQ:CZNC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Citizens & Northern Co. (NASDAQ:CZNC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.73 and traded as high as $20.62. Citizens & Northern shares last traded at $20.18, with a volume of 24,783 shares traded.

Citizens & Northern Price Performance

The firm has a market capitalization of $310.97 million, a P/E ratio of 14.01 and a beta of 0.46. The firm has a 50-day moving average of $19.48 and a 200-day moving average of $18.76. 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) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The business had revenue of $27.49 million for the quarter, compared to analysts’ expectations of $28.10 million. As a group, analysts predict that Citizens & Northern Co. will post 1.6 EPS for the current year.

Citizens & Northern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a dividend of $0.28 per share. The ex-dividend date was Monday, October 28th. This represents a $1.12 annualized dividend and a dividend yield of 5.55%. Citizens & Northern’s payout ratio is 77.78%.

Institutional Investors Weigh In On Citizens & Northern

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Citizens & Northern by 1.2% in the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after acquiring an additional 4,243 shares during the period. Barclays PLC grew its stake in shares of Citizens & Northern by 290.1% during the 3rd 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. State Street Corp increased its position in shares of Citizens & Northern by 1.1% during the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock valued at $6,082,000 after purchasing an additional 3,297 shares during the last quarter. Stone House Investment Management LLC lifted its stake in shares of Citizens & Northern by 11.0% in the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock worth $1,876,000 after purchasing an additional 9,470 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Citizens & Northern in the third quarter worth approximately $102,000. 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.