Citizens & Northern (NASDAQ:CZNC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Citizens & Northern Corp (NASDAQ:CZNC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.83 and traded as high as $22.14. Citizens & Northern shares last traded at $21.88, with a volume of 36,084 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on CZNC shares. Zacks Research lowered shares of Citizens & Northern from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Citizens & Northern from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Citizens & Northern currently has an average rating of “Reduce” and an average target price of $23.50.

Citizens & Northern Trading Down 0.2%

The stock’s 50 day moving average is $22.02 and its two-hundred day moving average is $21.83. The company has a market capitalization of $392.09 million, a PE ratio of 20.07 and a beta of 0.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.56). Citizens & Northern had a return on equity of 7.47% and a net margin of 9.67%.The business had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $35.60 million. As a group, sell-side analysts predict that Citizens & Northern Corp will post 1.97 EPS for the current fiscal year.

Citizens & Northern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $0.28 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 5.1%. Citizens & Northern’s payout ratio is currently 102.75%.

Hedge Funds Weigh In On Citizens & Northern

Large investors have recently added to or reduced their stakes in the company. Citizens & Northern Corp raised its holdings in Citizens & Northern by 12.6% in the fourth quarter. Citizens & Northern Corp now owns 361,412 shares of the financial services provider’s stock worth $7,290,000 after purchasing an additional 40,323 shares in the last quarter. Legato Capital Management LLC bought a new position in Citizens & Northern in the fourth quarter worth about $647,000. JPMorgan Chase & Co. raised its holdings in Citizens & Northern by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 14,504 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 892 shares in the last quarter. Innova Wealth Partners bought a new position in Citizens & Northern in the fourth quarter worth about $203,000. Finally, Teton Advisors LLC bought a new position in Citizens & Northern in the third quarter worth about $238,000. 30.83% of the stock is currently owned by institutional investors.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.