Citizens & Northern Corp (CZNC) to Issue Quarterly Dividend of $0.28 on August 14th

Citizens & Northern Corp (NASDAQ:CZNC) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 3rd will be given a dividend of 0.28 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, August 3rd.

Citizens & Northern has increased its dividend payment by an average of 0.0%annually over the last three years. Citizens & Northern has a payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens & Northern to earn $2.75 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 40.7%.

Citizens & Northern Trading Down 0.2%

Shares of CZNC opened at $25.39 on Friday. Citizens & Northern has a one year low of $18.16 and a one year high of $25.84. The stock has a 50-day moving average price of $22.63 and a 200 day moving average price of $22.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $454.99 million, a P/E ratio of 23.29 and a beta of 0.41.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 7.47% and a net margin of 9.67%. Sell-side analysts forecast that Citizens & Northern will post 2.17 EPS for the current fiscal year.

Institutional Trading of Citizens & Northern

Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in Citizens & Northern by 521.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,433 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Citizens & Northern by 71.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock worth $36,000 after buying an additional 749 shares during the period. Raymond James Financial Inc. bought a new stake in Citizens & Northern in the second quarter valued at $58,000. Tower Research Capital LLC TRC boosted its holdings in shares of Citizens & Northern by 596.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,939 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Citizens & Northern by 62.9% during the third quarter. BNP Paribas Financial Markets now owns 3,604 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 1,391 shares during the period. Institutional investors own 30.83% of the company’s stock.

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.