Metropolitan Life Insurance Co. NY Boosts Stake in Citizens & Northern Co. (CZNC)

Metropolitan Life Insurance Co. NY lifted its stake in Citizens & Northern Co. (NASDAQ:CZNC) by 560.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,677 shares of the financial services provider’s stock after acquiring an additional 3,969 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Citizens & Northern were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Citizens & Northern by 23.2% during the 4th quarter. Bank of America Corp DE now owns 13,011 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 2,448 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Citizens & Northern by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 102,909 shares of the financial services provider’s stock worth $2,719,000 after purchasing an additional 5,832 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Citizens & Northern by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 302,478 shares of the financial services provider’s stock worth $7,994,000 after purchasing an additional 14,961 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Citizens & Northern by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 92,382 shares of the financial services provider’s stock worth $2,441,000 after purchasing an additional 5,548 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Citizens & Northern by 1.0% during the 4th quarter. BlackRock Inc. now owns 937,089 shares of the financial services provider’s stock worth $24,767,000 after purchasing an additional 9,576 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub lowered shares of Citizens & Northern from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 9th.

Citizens & Northern stock opened at $27.66 on Friday. The stock has a market cap of $342.79 million, a PE ratio of 17.96 and a beta of 0.31. Citizens & Northern Co. has a fifty-two week low of $23.50 and a fifty-two week high of $28.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). Citizens & Northern had a return on equity of 10.69% and a net margin of 31.83%.

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Citizens & Northern Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

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

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