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

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

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $25.27 million for the quarter, compared to the consensus estimate of $26.39 million. Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. 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 0.2 %

Shares of NASDAQ CZNC traded up $0.04 during mid-day trading on Wednesday, hitting $17.06. The company’s stock had a trading volume of 6,890 shares, compared to its average volume of 24,721. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $262.35 million, a price-to-earnings ratio of 10.90 and a beta of 0.44. The company’s fifty day simple moving average is $18.25 and its 200-day simple moving average is $19.42. Citizens & Northern has a one year low of $16.71 and a one year high of $23.50.

Citizens & Northern Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CZNC shares. StockNews.com lowered shares of Citizens & Northern from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. TheStreet cut Citizens & Northern from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Hedge Funds Weigh In On Citizens & Northern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. GSA Capital Partners LLP bought a new stake in shares of Citizens & Northern in the third quarter valued at about $177,000. UBS Group AG increased its stake in Citizens & Northern by 27.5% in the 1st quarter. UBS Group AG now owns 8,046 shares of the financial services provider’s stock valued at $172,000 after buying an additional 1,735 shares during the last quarter. Barclays PLC lifted its position in Citizens & Northern by 87.9% during the 1st quarter. Barclays PLC now owns 7,614 shares of the financial services provider’s stock worth $163,000 after buying an additional 3,562 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Citizens & Northern by 99.5% during the 2nd quarter. Wells Fargo & Company MN now owns 6,197 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,091 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Citizens & Northern by 65.1% during the 4th quarter. BNP Paribas Financial Markets now owns 4,165 shares of the financial services provider’s stock worth $93,000 after buying an additional 1,642 shares during the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

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.