Citizens & Northern (CZNC) Scheduled to Post Earnings on Thursday

Citizens & Northern (NASDAQ:CZNC) is scheduled to be posting its quarterly earnings results on Thursday, April 18th.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. The firm had revenue of $25.27 million for the quarter, compared to the consensus estimate of $26.39 million. On average, analysts expect Citizens & Northern to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Citizens & Northern Trading Up 0.1 %

NASDAQ:CZNC traded up $0.02 during midday trading on Wednesday, reaching $17.04. 12,606 shares of the stock traded hands, compared to its average volume of 24,743. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $18.25 and a 200 day moving average of $19.42. The stock has a market capitalization of $262.04 million, a P/E ratio of 10.87 and a beta of 0.44. Citizens & Northern has a 12 month low of $16.71 and a 12 month high of $23.50.

Citizens & Northern Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Monday, January 29th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Friday, January 26th. Citizens & Northern’s payout ratio is currently 71.34%.

Hedge Funds Weigh In On Citizens & Northern

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in Citizens & Northern during the 3rd quarter valued at about $177,000. UBS Group AG lifted its stake in shares of Citizens & Northern by 27.5% in the 1st quarter. UBS Group AG now owns 8,046 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 1,735 shares during the period. Barclays PLC lifted its stake in shares of Citizens & Northern by 87.9% in the 1st quarter. Barclays PLC now owns 7,614 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 3,562 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Citizens & Northern by 99.5% in the 2nd quarter. Wells Fargo & Company MN now owns 6,197 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 3,091 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Citizens & Northern by 65.1% in the 4th quarter. BNP Paribas Financial Markets now owns 4,165 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,642 shares during the period. Institutional investors own 30.83% of the company’s stock.

Analysts Set New Price Targets

CZNC has been the topic of a number of recent research reports. TheStreet downgraded shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Citizens & Northern from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

About Citizens & Northern

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.