Short Interest in Citizens & Northern Co. (NASDAQ:CZNC) Rises By 7.0%

Citizens & Northern Co. (NASDAQ:CZNC) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 61,300 shares, a growth of 7.0% from the October 15th total of 57,300 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 2.9 days.

Citizens & Northern Stock Performance

NASDAQ CZNC traded down $0.27 during midday trading on Tuesday, hitting $19.84. The company had a trading volume of 4,246 shares, compared to its average volume of 24,870. 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 stock has a market cap of $305.81 million, a price-to-earnings ratio of 13.92 and a beta of 0.46. The firm has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $18.78. Citizens & Northern has a fifty-two week low of $16.50 and a fifty-two week high of $23.50.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $27.49 million during the quarter, compared to analyst estimates of $28.10 million. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. Equities analysts forecast that Citizens & Northern will post 1.6 earnings per share for the current fiscal year.

Citizens & Northern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.12 annualized dividend and a dividend yield of 5.65%. Citizens & Northern’s dividend payout ratio (DPR) is currently 77.78%.

Institutional Trading of Citizens & Northern

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Citizens & Northern during the 3rd quarter valued at about $102,000. BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 3,440 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Citizens & Northern during the 2nd quarter valued at about $187,000. Barclays PLC boosted its position in shares of Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 14,418 shares in the last quarter. Finally, Stone House Investment Management LLC boosted its position in shares of Citizens & Northern by 11.0% during the 3rd 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. 30.83% of the stock is currently owned by institutional investors and hedge funds.

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.