Citizens & Northern Co. (NASDAQ:CZNC) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. reduced its position in Citizens & Northern Co. (NASDAQ:CZNC) by 15.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,000 shares of the financial services provider’s stock after selling 2,560 shares during the quarter. Teton Advisors Inc.’s holdings in Citizens & Northern were worth $314,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Fulton Bank N.A. purchased a new stake in shares of Citizens & Northern in the 4th quarter worth about $213,000. SG Americas Securities LLC purchased a new position in Citizens & Northern in the 3rd quarter valued at about $118,000. Commonwealth Equity Services LLC lifted its holdings in Citizens & Northern by 33.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 4,914 shares in the last quarter. Emerald Advisers LLC purchased a new position in Citizens & Northern in the 3rd quarter valued at about $40,000. Finally, New York State Common Retirement Fund lifted its holdings in Citizens & Northern by 40.1% in the 4th quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,605 shares in the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Citizens & Northern from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet downgraded shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Citizens & Northern Stock Performance

CZNC traded down $0.37 during trading hours on Thursday, hitting $17.79. 60,895 shares of the stock were exchanged, compared to its average volume of 25,345. The stock has a 50-day simple moving average of $17.91 and a 200-day simple moving average of $19.39. Citizens & Northern Co. has a 12 month low of $16.71 and a 12 month high of $23.50. The stock has a market cap of $273.61 million, a price-to-earnings ratio of 11.29 and a beta of 0.44. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. The company had revenue of $25.27 million during the quarter, compared to analyst estimates of $26.39 million. Analysts anticipate that Citizens & Northern Co. will post 1.6 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Friday, May 3rd. Citizens & Northern’s dividend payout ratio (DPR) is 71.34%.

Citizens & Northern Profile

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.