Wells Fargo & Company MN decreased its holdings in shares of Citizens & Northern Corp (NASDAQ:CZNC) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,569 shares of the financial services provider’s stock after selling 502 shares during the period. Wells Fargo & Company MN owned about 0.07% of Citizens & Northern Corp worth $199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CZNC. Russell Investments Group Ltd. bought a new position in Citizens & Northern Corp during the second quarter worth about $364,000. Bessemer Group Inc. bought a new position in Citizens & Northern Corp during the second quarter worth about $191,000. First Trust Advisors LP bought a new position in Citizens & Northern Corp during the second quarter worth about $443,000. Prudential Financial Inc. lifted 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 worth $724,000 after purchasing an additional 2,400 shares during the period. Finally, PARK CIRCLE Co bought a new position in Citizens & Northern Corp during the second quarter worth about $465,000. Hedge funds and other institutional investors own 28.77% of the company’s stock.

Separately, BidaskClub cut shares of Citizens & Northern Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

Citizens & Northern Corp (NASDAQ:CZNC) opened at $24.61 on Thursday. 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 has a one year low of $22.00 and a one year high of $26.75.

Citizens & Northern Corp (NASDAQ:CZNC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, October 30th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, October 27th.

In other news, CEO J Bradley Scovill bought 4,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was bought 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 approximately $906,300.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 5,259 shares of company stock valued at $120,561 in the last quarter. 4.31% of the stock is currently owned by corporate insiders.

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Citizens & Northern Corp Company 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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Institutional Ownership by Quarter for Citizens & Northern Corp (NASDAQ:CZNC)

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