Citizens & Northern (NASDAQ:CZNC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Citizens & Northern Co. (NASDAQ:CZNC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.73 and traded as high as $20.62. Citizens & Northern shares last traded at $20.18, with a volume of 24,783 shares trading hands.

Citizens & Northern Stock Down 1.1 %

The business’s fifty day moving average price is $19.45 and its 200 day moving average price is $18.73. 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 has a market capitalization of $311.05 million, a PE ratio of 14.01 and a beta of 0.46.

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 firm had revenue of $27.49 million for the quarter, compared to analysts’ expectations of $28.10 million. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. On average, equities research analysts forecast that Citizens & Northern Co. will post 1.6 earnings per share for the current fiscal year.

Citizens & Northern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued 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 yield of 5.55%. Citizens & Northern’s dividend payout ratio is currently 77.78%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Citizens & Northern by 290.1% during the third 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. State Street Corp grew its position in Citizens & Northern by 1.1% during the third 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. Stone House Investment Management LLC increased its holdings in Citizens & Northern by 11.0% in 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 buying an additional 9,470 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Citizens & Northern during the 3rd quarter valued at approximately $102,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Citizens & Northern during the 2nd quarter worth approximately $187,000. 30.83% of the stock is owned by hedge funds and other institutional investors.

About Citizens & Northern

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.