Terry Lehman Buys 1,000 Shares of Citizens & Northern (NASDAQ:CZNC) Stock

Citizens & Northern Corp (NASDAQ:CZNC) Director Terry Lehman purchased 1,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $20.83 per share, with a total value of $20,830.00. Following the completion of the acquisition, the director directly owned 30,317 shares in the company, valued at $631,503.11. The trade was a 3.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Citizens & Northern Trading Up 0.0%

Shares of Citizens & Northern stock opened at $20.76 on Friday. Citizens & Northern Corp has a fifty-two week low of $18.02 and a fifty-two week high of $24.11. The business’s fifty day moving average is $22.42 and its two-hundred day moving average is $21.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a market cap of $372.02 million, a PE ratio of 19.05 and a beta of 0.44.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.56). Citizens & Northern had a net margin of 9.67% and a return on equity of 7.47%. The business had revenue of $36.90 million during the quarter, compared to analyst estimates of $35.60 million. Analysts anticipate that Citizens & Northern Corp will post 1.97 earnings per share for the current year.

Citizens & Northern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.4%. Citizens & Northern’s dividend payout ratio is currently 102.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CZNC. Piper Sandler boosted their price target on Citizens & Northern from $22.50 to $23.50 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings cut Citizens & Northern from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen lowered shares of Citizens & Northern from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Citizens & Northern from a “hold” rating to a “strong sell” rating in a research note on Monday. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Citizens & Northern presently has an average rating of “Reduce” and an average price target of $23.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of Citizens & Northern by 521.1% in the third quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,433 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Citizens & Northern by 71.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after buying an additional 749 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Citizens & Northern during the 2nd quarter valued at about $58,000. Tower Research Capital LLC TRC lifted its position in Citizens & Northern by 596.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 2,939 shares in the last quarter. Finally, CWM LLC lifted its position in Citizens & Northern by 210.2% during the 3rd quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 2,422 shares in the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.