Citizens & Northern Corp (CZNC) CEO J Bradley Scovill Acquires 4,000 Shares
Citizens & Northern Corp (NASDAQ:CZNC) CEO J Bradley Scovill bought 4,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $22.49 per share, with a total value of $89,960.00. Following the completion of the purchase, the chief executive officer now directly owns 34,376 shares in the company, valued at approximately $773,116.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Citizens & Northern Corp (CZNC) traded up 2.73% during mid-day trading on Tuesday, reaching $22.96. 25,905 shares of the company’s stock traded hands. Citizens & Northern Corp has a 52-week low of $20.54 and a 52-week high of $26.57. The company has a 50-day moving average of $23.19 and a 200-day moving average of $23.32. The company has a market capitalization of $279.56 million, a price-to-earnings ratio of 17.54 and a beta of 0.46.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, July 31st were paid a $0.26 dividend. The ex-dividend date was Thursday, July 27th. This represents a $1.04 annualized dividend and a yield of 4.65%.
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Several analysts have commented on the stock. TheStreet raised shares of Citizens & Northern Corp from a “c+” rating to a “b+” rating in a research note on Monday, July 10th. BidaskClub cut shares of Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC bought a new position in Citizens & Northern Corp during the second quarter valued at $801,000. Martingale Asset Management L P bought a new position in Citizens & Northern Corp during the second quarter valued at $575,000. Dimensional Fund Advisors LP raised its position in Citizens & Northern Corp by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 171,715 shares of the financial services provider’s stock valued at $3,994,000 after buying an additional 20,885 shares in the last quarter. PARK CIRCLE Co bought a new position in Citizens & Northern Corp during the second quarter valued at $465,000. Finally, First Trust Advisors LP bought a new position in Citizens & Northern Corp during the second quarter valued at $443,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.
About Citizens & Northern Corp
Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.
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