Citizens & Northern (CZNC) Set to Announce Quarterly Earnings on Thursday

Citizens & Northern (NASDAQ:CZNC) is set to issue its quarterly earnings data on Thursday, April 18th.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The business had revenue of $25.27 million for the quarter, compared to analyst estimates of $26.39 million. Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. 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 Price Performance

CZNC traded up $0.02 on Wednesday, reaching $17.04. 12,606 shares of the company’s stock were exchanged, compared to its average volume of 24,814. The stock has a market cap of $262.04 million, a PE ratio of 10.87 and a beta of 0.44. Citizens & Northern has a twelve month low of $16.71 and a twelve month high of $23.50. The stock’s fifty day moving average price is $18.25 and its 200-day moving average price is $19.42. 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 Announces Dividend

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

Institutional Investors Weigh In On Citizens & Northern

Institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its position 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 worth $51,000 after acquiring an additional 845 shares in the last quarter. Captrust Financial Advisors grew its stake in Citizens & Northern by 4,949.2% during the 2nd quarter. Captrust Financial Advisors now owns 9,947 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 9,750 shares in the last quarter. State Street Corp grew its stake in Citizens & Northern by 2.6% during the 2nd quarter. State Street Corp now owns 260,244 shares of the financial services provider’s stock valued at $6,290,000 after acquiring an additional 6,486 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake 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 valued at $85,000 after acquiring an additional 932 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Citizens & Northern by 15.1% during the 2nd quarter. Rhumbline Advisers now owns 21,680 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 2,841 shares in the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Citizens & Northern from a “hold” rating to a “sell” rating in a research note on Friday, March 15th.

Citizens & Northern Company 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.