Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Update

Citizens & Northern Co. (NASDAQ:CZNC) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 61,300 shares, a growth of 7.0% from the October 15th total of 57,300 shares. Based on an average daily volume of 21,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.4% of the shares of the company are short sold.

Citizens & Northern Price Performance

Shares of NASDAQ:CZNC traded down $0.20 during trading on Tuesday, reaching $19.91. 4,115 shares of the company’s stock traded hands, compared to its average volume of 24,870. Citizens & Northern has a fifty-two week low of $16.50 and a fifty-two week high of $23.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $19.51 and a 200-day simple moving average of $18.78. The firm has a market cap of $306.89 million, a PE ratio of 13.92 and a beta of 0.46.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The business had revenue of $27.49 million during the quarter, compared to analyst estimates of $28.10 million. As a group, analysts predict that Citizens & Northern will post 1.6 earnings per share for the current year.

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date was Monday, October 28th. Citizens & Northern’s payout ratio is currently 77.78%.

Institutional Trading of Citizens & Northern

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Citizens & Northern by 82.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,440 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Citizens & Northern by 1.9% in the first quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock valued at $13,941,000 after purchasing an additional 13,488 shares in the last quarter. Bank of New York Mellon Corp grew its position in Citizens & Northern by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock valued at $1,768,000 after acquiring an additional 4,173 shares during the period. Citizens & Northern Corp grew its holdings in shares of Citizens & Northern by 7.0% during the second quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock worth $5,893,000 after purchasing an additional 21,443 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Citizens & Northern during the second quarter valued at $187,000. Institutional investors and hedge funds own 30.83% of the company’s stock.

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.