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

Citizens & Northern Corp (NASDAQ:CZNC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.15 and traded as high as $23.37. Citizens & Northern shares last traded at $23.08, with a volume of 53,644 shares traded.

Wall Street Analyst Weigh In

CZNC has been the subject of a number of analyst reports. Weiss Ratings downgraded Citizens & Northern from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Citizens & Northern from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.50.

Citizens & Northern Price Performance

The company has a market capitalization of $413.52 million, a P/E ratio of 21.17 and a beta of 0.41. The business’s 50-day moving average is $21.85 and its two-hundred day moving average is $22.15. 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 posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.56). Citizens & Northern had a net margin of 9.67% and a return on equity of 7.47%. The firm had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $35.60 million. As a group, analysts predict that Citizens & Northern Corp will post 1.97 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 yield of 4.9%. Citizens & Northern’s payout ratio is currently 102.75%.

Institutional Investors Weigh In On Citizens & Northern

Several large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in shares of Citizens & Northern by 521.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,433 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Citizens & Northern by 71.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 749 shares during the period. Raymond James Financial Inc. bought a new stake in Citizens & Northern in the second quarter worth about $58,000. Tower Research Capital LLC TRC boosted its stake in Citizens & Northern by 596.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,939 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Citizens & Northern by 62.9% in the third quarter. BNP Paribas Financial Markets now owns 3,604 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 1,391 shares during the last quarter. 30.83% of the stock is owned by hedge funds and other institutional investors.

Citizens & Northern Company Profile

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.