PNC Financial Services Group Inc. Raises Position in Citizens & Northern Corp (CZNC)

PNC Financial Services Group Inc. boosted its holdings in shares of Citizens & Northern Corp (NASDAQ:CZNC) by 0.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,979 shares of the financial services provider’s stock after buying an additional 13 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.26% of Citizens & Northern Corp worth $745,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Nationwide Fund Advisors grew its holdings in Citizens & Northern Corp by 6.6% in the second quarter. Nationwide Fund Advisors now owns 8,021 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 500 shares during the last quarter. Teachers Advisors LLC grew its holdings in Citizens & Northern Corp by 6.5% in the second quarter. Teachers Advisors LLC now owns 20,423 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 1,249 shares during the last quarter. Martingale Asset Management L P purchased a new position in Citizens & Northern Corp in the second quarter worth $575,000. Alliancebernstein L.P. grew its holdings in Citizens & Northern Corp by 13.6% in the second quarter. Alliancebernstein L.P. now owns 15,002 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 1,800 shares during the last quarter. Finally, PARK CIRCLE Co purchased a new position in Citizens & Northern Corp in the second quarter worth $465,000. 28.46% of the stock is currently owned by institutional investors.

In other news, CEO J Bradley Scovill acquired 4,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $22.72 per share, with a total value of $90,880.00. Following the transaction, the chief executive officer now owns 39,890 shares in the company, valued at approximately $906,300.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aaron K. Singer acquired 3,800 shares of the company’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $22.81 per share, for a total transaction of $86,678.00. Following the completion of the transaction, the director now owns 100 shares in the company, valued at approximately $2,281. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,202 shares of company stock worth $277,225 and sold 35,519 shares worth $796,203. Corporate insiders own 4.31% of the company’s stock.

Citizens & Northern Corp (NASDAQ CZNC) opened at 25.94 on Thursday. The stock has a market capitalization of $315.85 million, a price-to-earnings ratio of 19.82 and a beta of 0.48. The firm has a 50-day moving average of $23.67 and a 200 day moving average of $23.23. Citizens & Northern Corp has a 12-month low of $20.54 and a 12-month high of $26.57.

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Several equities analysts have issued reports on CZNC shares. TheStreet raised shares of Citizens & Northern Corp from a “c+” rating to a “b+” rating in a report on Monday, July 10th. BidaskClub lowered shares of Citizens & Northern Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.

Citizens & Northern Corp 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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