Wilmington Savings Fund Society FSB Increases Holdings in Citizens & Northern Co. (NASDAQ:CZNC)

Wilmington Savings Fund Society FSB grew its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 179.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,318 shares of the financial services provider’s stock after buying an additional 3,418 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Citizens & Northern were worth $99,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC raised its position in Citizens & Northern by 22.3% in the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,153 shares during the period. JPMorgan Chase & Co. raised its position in Citizens & Northern by 186.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 15,637 shares during the period. Barclays PLC raised its position in Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 14,418 shares during the period. Geode Capital Management LLC raised its position in Citizens & Northern by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after purchasing an additional 4,243 shares during the period. Finally, State Street Corp raised its position in Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after purchasing an additional 3,297 shares during the period. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CZNC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Citizens & Northern from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd.

Citizens & Northern Stock Performance

Citizens & Northern stock opened at $21.54 on Friday. The company has a 50 day moving average price of $19.71 and a 200-day moving average price of $19.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. Citizens & Northern Co. has a fifty-two week low of $16.50 and a fifty-two week high of $22.68. The company has a market capitalization of $331.93 million, a PE ratio of 12.75 and a beta of 0.49.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. As a group, equities analysts forecast that Citizens & Northern Co. will post 1.91 earnings per share for the current year.

Citizens & Northern Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.27. Citizens & Northern’s payout ratio is currently 66.27%.

Citizens & Northern Profile

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.