JPMorgan Chase & Co. Raises Stock Holdings in Citizens & Northern Co. (NASDAQ:CZNC)

JPMorgan Chase & Co. raised its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 186.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,032 shares of the financial services provider’s stock after buying an additional 15,637 shares during the period. JPMorgan Chase & Co.’s holdings in Citizens & Northern were worth $473,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CZNC. Wilmington Savings Fund Society FSB bought a new stake in shares of Citizens & Northern in the third quarter worth about $37,000. State Street Corp lifted its holdings in Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after buying an additional 3,297 shares during the period. Geode Capital Management LLC grew its position in shares of Citizens & Northern by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after buying an additional 4,243 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Citizens & Northern during the third quarter valued at approximately $102,000. Finally, Stone House Investment Management LLC raised its holdings in shares of Citizens & Northern by 11.0% during the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after acquiring an additional 9,470 shares in the last quarter. Institutional investors own 30.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler upgraded shares of Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd. StockNews.com raised Citizens & Northern from a “hold” rating to a “buy” rating in a research report on Monday.

Citizens & Northern Trading Down 2.2 %

NASDAQ:CZNC opened at $21.42 on Wednesday. The firm has a market capitalization of $330.08 million, a P/E ratio of 14.88 and a beta of 0.48. 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 one year low of $16.50 and a one year high of $22.23. The company’s 50-day simple moving average is $19.45 and its 200 day simple moving average is $19.51.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. As a group, analysts forecast that Citizens & Northern Co. will post 1.61 EPS for the current fiscal year.

Citizens & Northern Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.28 dividend. This is a positive change from Citizens & Northern’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Monday, February 3rd. Citizens & Northern’s payout ratio is presently 77.78%.

Citizens & Northern Company 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.