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

Citizens & Northern Corp (NASDAQ:CZNC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.07 and traded as high as $23.76. Citizens & Northern shares last traded at $23.24, with a volume of 37,199 shares.

Analysts Set New Price Targets

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

Citizens & Northern Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average price is $21.82 and its two-hundred day moving average price is $22.07. The stock has a market cap of $416.46 million, a P/E ratio of 21.32 and a beta of 0.41.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share (EPS) 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 company had revenue of $36.90 million during the quarter, compared to the consensus estimate of $35.60 million. As a group, sell-side analysts expect that Citizens & Northern Corp will post 1.97 earnings per share for the current fiscal year.

Citizens & Northern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.12 annualized dividend and a dividend yield of 4.8%. Citizens & Northern’s dividend payout ratio is currently 102.75%.

Institutional Investors Weigh In On Citizens & Northern

Hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC purchased a new position in Citizens & Northern during the first quarter valued at $1,498,000. Royal Bank of Canada increased its stake in shares of Citizens & Northern by 932.6% in the 1st quarter. Royal Bank of Canada now owns 6,753 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 6,099 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Citizens & Northern by 9.3% in the 1st quarter. Empowered Funds LLC now owns 17,956 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 1,523 shares in the last quarter. Quantinno Capital Management LP lifted its position in Citizens & Northern by 39.2% during the 1st quarter. Quantinno Capital Management LP now owns 30,539 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 8,604 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Citizens & Northern by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 53,441 shares of the financial services provider’s stock valued at $1,194,000 after acquiring an additional 586 shares during the period. 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.