Segall Bryant & Hamill LLC Takes $1.50 Million Position in Citizens & Northern Corp $CZNC

Segall Bryant & Hamill LLC acquired a new position in Citizens & Northern Corp (NASDAQ:CZNC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 67,058 shares of the financial services provider’s stock, valued at approximately $1,498,000.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in Citizens & Northern in the first quarter worth about $236,000. Jane Street Group LLC acquired a new position in shares of Citizens & Northern in the 1st quarter worth approximately $324,000. Rhumbline Advisers raised its holdings in shares of Citizens & Northern by 7.5% in the 2nd quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 1,592 shares in the last quarter. Marshall Wace LLP lifted its stake in Citizens & Northern by 105.3% during the second quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider’s stock valued at $1,096,000 after purchasing an additional 29,687 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Citizens & Northern during the second quarter worth approximately $58,000. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Price Performance

CZNC opened at $25.30 on Wednesday. The firm has a market capitalization of $453.29 million, a P/E ratio of 23.21 and a beta of 0.40. The stock has a fifty day moving average of $22.80 and a 200-day moving average of $22.55. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. Citizens & Northern Corp has a 12-month low of $18.20 and a 12-month high of $25.84.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.56). The business had revenue of $36.90 million for the quarter, compared to analysts’ expectations of $35.60 million. Citizens & Northern had a net margin of 9.67% and a return on equity of 7.47%. Equities analysts forecast that Citizens & Northern Corp will post 2.17 EPS for the current fiscal year.

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.4%. Citizens & Northern’s dividend payout ratio (DPR) is 102.75%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CZNC shares. Weiss Ratings raised Citizens & Northern from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 24th. Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded Citizens & Northern from a “hold” rating to a “buy” rating in a research report on Saturday. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.50.

Citizens & Northern Company Profile

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.