Citizens & Northern Co. (NASDAQ:CZNC) Short Interest Up 7.0% in October

Citizens & Northern Co. (NASDAQ:CZNC) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 61,300 shares, a growth of 7.0% from the October 15th total of 57,300 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 21,000 shares, the short-interest ratio is presently 2.9 days.

Hedge Funds Weigh In On Citizens & Northern

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Citizens & Northern during the 3rd quarter valued at $102,000. BNP Paribas Financial Markets lifted its position in shares of Citizens & Northern by 82.6% during the first quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 3,440 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Citizens & Northern by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock worth $13,941,000 after buying an additional 13,488 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Citizens & Northern in the 2nd quarter valued at $187,000. Finally, Bank of New York Mellon Corp grew its holdings in Citizens & Northern by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 4,173 shares during the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

Citizens & Northern Price Performance

NASDAQ:CZNC traded down $0.20 during mid-day trading on Tuesday, reaching $19.91. The stock had a trading volume of 4,115 shares, compared to its average volume of 24,870. The stock has a 50-day simple moving average of $19.51 and a two-hundred day simple moving average of $18.78. Citizens & Northern has a 12 month low of $16.50 and a 12 month high of $23.50. The stock has a market capitalization of $306.89 million, a PE ratio of 13.92 and a beta of 0.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The firm had revenue of $27.49 million during the quarter, compared to analysts’ expectations of $28.10 million. On average, equities analysts anticipate that Citizens & Northern will post 1.6 earnings per share for the current year.

Citizens & Northern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.63%. The ex-dividend date was Monday, October 28th. Citizens & Northern’s dividend payout ratio (DPR) is currently 77.78%.

Citizens & Northern Company Profile

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.