Citizens & Northern (NASDAQ:CZNC) Director Terry Lehman Buys 1,000 Shares

Citizens & Northern Corp (NASDAQ:CZNC) Director Terry Lehman purchased 1,000 shares of Citizens & Northern stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $20.83 per share, with a total value of $20,830.00. Following the completion of the transaction, the director directly owned 30,317 shares in the company, valued at $631,503.11. The trade was a 3.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Citizens & Northern Stock Performance

CZNC opened at $20.75 on Thursday. Citizens & Northern Corp has a 12-month low of $18.02 and a 12-month high of $24.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $371.84 million, a PE ratio of 19.04 and a beta of 0.44. The firm has a 50 day moving average of $22.46 and a two-hundred day moving average of $21.58.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly 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 business had revenue of $36.90 million for the quarter, compared to analysts’ expectations of $35.60 million. On average, analysts anticipate that Citizens & Northern Corp will post 1.97 EPS for the current year.

Citizens & Northern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 5.4%. Citizens & Northern’s dividend payout ratio (DPR) is currently 75.68%.

Analysts Set New Price Targets

A number of research firms have issued reports on CZNC. Wall Street Zen lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research cut shares of Citizens & Northern from a “hold” rating to a “strong sell” rating in a research note on Monday. Weiss Ratings lowered shares of Citizens & Northern from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday. Finally, Piper Sandler lifted their target price on shares of Citizens & Northern from $22.50 to $23.50 and gave the company a “neutral” rating in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Citizens & Northern has a consensus rating of “Reduce” and an average target price of $23.50.

Hedge Funds Weigh In On Citizens & Northern

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in shares of Citizens & Northern by 2.8% during the 4th quarter. Jane Street Group LLC now owns 25,127 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 673 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Citizens & Northern by 71.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 749 shares in the last quarter. Barclays PLC increased its holdings in shares of Citizens & Northern by 3.0% during the 4th quarter. Barclays PLC now owns 26,947 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 774 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Citizens & Northern by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,504 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 892 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Citizens & Northern by 8.9% during the 4th quarter. Osaic Holdings Inc. now owns 11,436 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 933 shares in the last quarter. 30.83% of the stock is owned by hedge funds and other institutional investors.

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.