Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Update

Citizens & Northern Co. (NASDAQ:CZNC) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 79,300 shares, a growth of 13.1% from the May 31st total of 70,100 shares. Based on an average daily volume of 21,700 shares, the short-interest ratio is currently 3.7 days. Approximately 0.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CZNC. TheStreet downgraded Citizens & Northern from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. StockNews.com raised Citizens & Northern from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.

Citizens & Northern Price Performance

Shares of NASDAQ CZNC traded down $0.39 during midday trading on Monday, reaching $17.50. 12,529 shares of the company traded hands, compared to its average volume of 24,726. Citizens & Northern has a 12 month low of $16.50 and a 12 month high of $23.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day simple moving average is $17.47 and its 200-day simple moving average is $18.80. The firm has a market cap of $269.15 million, a PE ratio of 11.77 and a beta of 0.47.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $25.72 million during the quarter, compared to the consensus estimate of $26.74 million. Citizens & Northern had a net margin of 16.20% and a return on equity of 9.17%. As a group, equities analysts anticipate that Citizens & Northern will post 1.59 earnings per share for the current fiscal year.

Citizens & Northern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Friday, May 3rd. Citizens & Northern’s dividend payout ratio is currently 73.68%.

Insider Buying and Selling at Citizens & Northern

In other news, Director Terry L. Lehman bought 1,500 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $25,500.00. Following the completion of the purchase, the director now directly owns 25,567 shares of the company’s stock, valued at approximately $434,639. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have purchased 2,457 shares of company stock worth $42,527. 3.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Citizens & Northern

A number of hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. acquired a new stake in shares of Citizens & Northern in the 4th quarter valued at $213,000. SG Americas Securities LLC increased its position in Citizens & Northern by 20.9% in the fourth quarter. SG Americas Securities LLC now owns 8,150 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,409 shares during the period. New York State Common Retirement Fund raised its holdings in Citizens & Northern by 40.1% during the 4th quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,605 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Citizens & Northern by 82.6% during the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,440 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Citizens & Northern by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock valued at $13,941,000 after purchasing an additional 13,488 shares during the last quarter. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.