Citizens & Northern Corp (CZNC) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in Citizens & Northern Corp (NASDAQ:CZNC) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 171,715 shares of the financial services provider’s stock after purchasing an additional 20,885 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.41% of Citizens & Northern Corp worth $3,994,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Citizens & Northern Corp by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 428,290 shares of the financial services provider’s stock valued at $9,962,000 after purchasing an additional 1,431 shares during the period. Northern Trust Corp lifted its stake in shares of Citizens & Northern Corp by 3.9% in the 2nd quarter. Northern Trust Corp now owns 135,641 shares of the financial services provider’s stock valued at $3,155,000 after purchasing an additional 5,052 shares during the period. Virtu KCG Holdings LLC purchased a new position in shares of Citizens & Northern Corp in the 2nd quarter valued at approximately $801,000. Prudential Financial Inc. raised its stake in Citizens & Northern Corp by 8.4% during the second quarter. Prudential Financial Inc. now owns 31,116 shares of the financial services provider’s stock valued at $724,000 after buying an additional 2,400 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new position in Citizens & Northern Corp during the second quarter valued at $575,000. Institutional investors own 28.77% of the company’s stock.
Separately, BidaskClub cut Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.
In related news, CEO J Bradley Scovill acquired 4,000 shares of the stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $22.72 per share, for a total transaction of $90,880.00. Following the completion of the purchase, the chief executive officer now owns 39,890 shares of the company’s stock, valued at $906,300.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 5,259 shares of company stock valued at $120,561 in the last quarter. 4.31% of the stock is owned by company insiders.
Citizens & Northern Corp (CZNC) opened at $24.40 on Friday. Citizens & Northern Corp has a one year low of $22.00 and a one year high of $26.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80.
Citizens & Northern Corp (NASDAQ:CZNC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Citizens & Northern Corp had a net margin of 25.58% and a return on equity of 8.33%.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Monday, October 30th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Friday, October 27th.
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Citizens & Northern Corp Profile
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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