Dimensional Fund Advisors LP lifted its stake in Citizens & Northern Co. (NASDAQ:CZNC) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 302,478 shares of the financial services provider’s stock after purchasing an additional 14,961 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Citizens & Northern were worth $7,994,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Citizens & Northern by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 483,588 shares of the financial services provider’s stock worth $12,646,000 after purchasing an additional 7,524 shares during the period. Rhumbline Advisers grew its holdings in shares of Citizens & Northern by 40.3% during the 4th quarter. Rhumbline Advisers now owns 16,800 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 4,829 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Citizens & Northern by 6.4% during the 4th quarter. Acadian Asset Management LLC now owns 10,013 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 600 shares during the period. BlackRock Inc. grew its holdings in shares of Citizens & Northern by 1.0% during the 4th quarter. BlackRock Inc. now owns 937,089 shares of the financial services provider’s stock worth $24,767,000 after purchasing an additional 9,576 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Citizens & Northern by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 92,382 shares of the financial services provider’s stock worth $2,441,000 after purchasing an additional 5,548 shares during the period. 28.69% of the stock is owned by institutional investors and hedge funds.
In related news, Director Leonard Simpson sold 1,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $27.33, for a total transaction of $27,330.00. Following the transaction, the director now owns 37,034 shares of the company’s stock, valued at approximately $1,012,139.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have purchased 918 shares of company stock worth $25,200. 3.90% of the stock is owned by corporate insiders.
CZNC opened at $25.69 on Friday. Citizens & Northern Co. has a 12-month low of $23.60 and a 12-month high of $29.25. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16. The stock has a market cap of $315.64 million, a P/E ratio of 14.90 and a beta of 0.38.
Citizens & Northern (NASDAQ:CZNC) last posted its earnings results on Tuesday, May 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter. Citizens & Northern had a return on equity of 10.84% and a net margin of 32.30%. The firm had revenue of $16.12 million for the quarter.
Separately, BidaskClub raised Citizens & Northern from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.
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Citizens & Northern Company Profile
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.
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