Citizens & Northern Corp (CZNC) To Go Ex-Dividend on August 3rd

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.28 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 3rd.

Citizens & Northern has raised its dividend by an average of 0.0%annually over the last three years. Citizens & Northern has a dividend payout ratio of 56.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens & Northern to earn $2.70 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 41.5%.

Citizens & Northern Stock Up 4.7%

Shares of NASDAQ:CZNC opened at $24.35 on Friday. The company’s fifty day moving average is $22.21 and its 200-day moving average is $22.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. Citizens & Northern has a 52 week low of $18.16 and a 52 week high of $25.00. The company has a market capitalization of $436.28 million, a PE ratio of 22.34 and a beta of 0.41.

Citizens & Northern (NASDAQ:CZNC) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.56). Citizens & Northern had a return on equity of 7.47% and a net margin of 9.67%.The firm had revenue of $36.90 million for the quarter, compared to analyst estimates of $35.60 million. Equities research analysts predict that Citizens & Northern will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CZNC. Weiss Ratings lowered shares of Citizens & Northern from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen cut Citizens & Northern from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.50.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.