Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Down 14.3% in February

Citizens & Northern Co. (NASDAQ:CZNC) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 58,000 shares, a drop of 14.3% from the February 13th total of 67,700 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 37,000 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. JPMorgan Chase & Co. grew its position in shares of Citizens & Northern by 186.3% during the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 15,637 shares during the last quarter. State Street Corp raised its stake in shares of Citizens & Northern by 1.1% during 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 last quarter. Geode Capital Management LLC increased its position in Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after purchasing an additional 4,243 shares in the last quarter. Barclays PLC increased its position in Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 14,418 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Citizens & Northern by 22.3% during the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,153 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CZNC has been the subject of several research analyst reports. Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd. StockNews.com lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Citizens & Northern Trading Down 0.8 %

Shares of CZNC opened at $20.63 on Friday. Citizens & Northern has a 52-week low of $16.50 and a 52-week high of $22.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average is $20.58 and its two-hundred day moving average is $19.86. The stock has a market cap of $319.06 million, a PE ratio of 12.21 and a beta of 0.44.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. Research analysts forecast that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.28 per share. The ex-dividend date was Monday, February 3rd. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.43%. Citizens & Northern’s payout ratio is currently 66.27%.

About Citizens & Northern

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.