Citizens & Northern (CZNC) Scheduled to Post Earnings on Thursday

Citizens & Northern (NASDAQ:CZNC) will be issuing its quarterly earnings data on Thursday, April 18th.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Monday, March 11th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The firm had revenue of $25.27 million during the quarter, compared to analysts’ expectations of $26.39 million. Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. On average, analysts expect Citizens & Northern to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Citizens & Northern Stock Performance

NASDAQ CZNC traded up $0.02 during trading hours on Wednesday, reaching $17.04. The stock had a trading volume of 12,606 shares, compared to its average volume of 24,743. Citizens & Northern has a 52-week low of $16.71 and a 52-week high of $23.50. The stock has a market cap of $262.04 million, a P/E ratio of 10.87 and a beta of 0.44. The stock has a fifty day moving average of $18.25 and a 200 day moving average of $19.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.91 and a current ratio of 0.91.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Monday, January 29th were paid a $0.28 dividend. The ex-dividend date was Friday, January 26th. This represents a $1.12 annualized dividend and a yield of 6.57%. Citizens & Northern’s payout ratio is currently 71.34%.

Institutional Investors Weigh In On Citizens & Northern

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its holdings in Citizens & Northern by 180.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,098 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 707 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Citizens & Northern by 148.8% in the third quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,061 shares during the last quarter. UBS Group AG boosted its holdings in Citizens & Northern by 66.2% in the third quarter. UBS Group AG now owns 2,122 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 845 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in Citizens & Northern by 237.9% in the first quarter. BNP Paribas Arbitrage SNC now owns 3,325 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 2,341 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Citizens & Northern by 35.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,528 shares of the financial services provider’s stock worth $85,000 after buying an additional 932 shares during the last quarter. 30.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CZNC has been the subject of several analyst reports. StockNews.com lowered Citizens & Northern from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. TheStreet lowered Citizens & Northern from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

About Citizens & Northern

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.