Northern Trust Corp Increases Holdings in Citizens & Northern Co. (CZNC)

Northern Trust Corp raised its stake in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,996 shares of the financial services provider’s stock after buying an additional 7,845 shares during the period. Northern Trust Corp owned about 1.15% of Citizens & Northern worth $3,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CZNC. BlackRock Inc. grew its position in shares of Citizens & Northern by 4.6% during the 2nd quarter. BlackRock Inc. now owns 919,458 shares of the financial services provider’s stock valued at $23,777,000 after acquiring an additional 40,041 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Citizens & Northern by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 274,660 shares of the financial services provider’s stock valued at $7,103,000 after acquiring an additional 26,845 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Citizens & Northern by 16.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,729 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 3,429 shares during the period. First Trust Advisors LP grew its position in shares of Citizens & Northern by 18.1% during the 2nd quarter. First Trust Advisors LP now owns 13,896 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 2,132 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Citizens & Northern during the 2nd quarter valued at $162,000. Institutional investors and hedge funds own 29.47% of the company’s stock.

Separately, BidaskClub raised shares of Citizens & Northern from a “sell” rating to a “hold” rating in a report on Friday, October 5th.

Shares of Citizens & Northern stock opened at $25.19 on Friday. The firm has a market capitalization of $309.79 million, a P/E ratio of 16.36 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17. Citizens & Northern Co. has a fifty-two week low of $22.00 and a fifty-two week high of $28.99.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Thursday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Citizens & Northern had a return on equity of 9.97% and a net margin of 27.35%.

The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Monday, October 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.29%. The ex-dividend date was Friday, October 26th.

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Citizens & Northern Company 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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