Citizens & Northern Co. (NASDAQ:CZNC) Stake Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in Citizens & Northern Co. (NASDAQ:CZNC) by 24.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,634 shares of the financial services provider’s stock after buying an additional 1,900 shares during the quarter. Wells Fargo & Company MN’s holdings in Citizens & Northern were worth $179,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CZNC. Citizens & Northern Corp lifted its holdings in shares of Citizens & Northern by 3.2% in the 4th quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock worth $6,300,000 after purchasing an additional 10,392 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Citizens & Northern by 117.5% during the 4th quarter. JPMorgan Chase & Co. now owns 52,275 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 28,243 shares during the period. Hudock Inc. raised its holdings in shares of Citizens & Northern by 42.2% during the fourth quarter. Hudock Inc. now owns 46,235 shares of the financial services provider’s stock valued at $860,000 after buying an additional 13,712 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Citizens & Northern in the 4th quarter worth approximately $429,000. Finally, Barclays PLC increased its position in Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 14,418 shares during the period. Institutional investors own 30.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Citizens & Northern from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Insiders Place Their Bets

In related news, Director Terry L. Lehman bought 1,400 shares of the business’s 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 completion of the transaction, the director now directly owns 28,237 shares of the company’s stock, valued at approximately $528,031.90. This trade represents a 5.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have acquired 2,210 shares of company stock worth $41,542. 4.49% of the stock is owned by insiders.

Citizens & Northern Trading Up 0.2 %

Citizens & Northern stock opened at $19.18 on Friday. The stock has a market capitalization of $296.64 million, a PE ratio of 11.35 and a beta of 0.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95. Citizens & Northern Co. has a 12-month low of $16.50 and a 12-month high of $22.68. The firm has a 50 day simple moving average of $19.54 and a 200-day simple moving average of $19.84.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. The firm had revenue of $27.19 million during the quarter, compared to analyst estimates of $28.30 million. As a group, equities research analysts expect that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.

Citizens & Northern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Sunday, May 4th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, May 2nd. Citizens & Northern’s dividend payout ratio is presently 64.00%.

Citizens & Northern Profile

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.