23 hours Ago By Defense World Staff
Renaissance Technologies LLC boosted its stake in Citizens & Northern Co. (NASDAQ:CZNC – Free Report) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 59,865 shares of the financial services provider’s stock after purchasing an additional 6,224 shares during the quarter. Renaissance Technologies LLC owned about 0.39% of Citizens & Northern worth $1,113,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Citizens & Northern by 1.2% during the 3rd quarter.
Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after buying an additional 4,243 shares during the period. Citizens & Northern Corp grew its holdings in Citizens & Northern by 3.2% during the fourth quarter.
Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock valued at $6,300,000 after purchasing an additional 10,392 shares during the period. JPMorgan Chase & Co. increased its stake in Citizens & Northern by 117.
5% in the fourth quarter. JPMorgan Chase & Co. now owns 52,275 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 28,243 shares in the last quarter.
Hudock Inc. raised its holdings in Citizens & Northern by 42.2% in the fourth quarter.
Hudock Inc. now owns 46,235 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 13,712 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd.
bought a new position in shares of Citizens & Northern during the fourth quarter worth $429,000. Institutional investors and hedge funds own 30.83% of the company’s stock.
Citizens & Northern Price PerformanceShares of CZNC opened at $19.04 on Wednesday. The company has a debt-to-equity ratio of 0.
77, a quick ratio of 0.95 and a current ratio of 0.95.
The firm has a market capitalization of $294.47 million, a PE ratio of 11.27 and a beta of 0.
40. The stock has a 50 day simple moving average of $19.84 and a 200 day simple moving average of $19.
87. Citizens & Northern Co. has a 52-week low of $16.
50 and a 52-week high of $22.68. Citizens & Northern (NASDAQ:CZNC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd.
The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.
03). The company had revenue of $27.19 million for the quarter, compared to the consensus estimate of $28.
30 million. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.
50%. Sell-side analysts predict that Citizens & Northern Co. will post 1.
91 EPS for the current fiscal year. Citizens & Northern Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Sunday, May 4th will be issued a $0.
28 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.
12 dividend on an annualized basis and a dividend yield of 5.88%. Citizens & Northern’s dividend payout ratio (DPR) is 64.
00%. Insider Transactions at Citizens & NorthernIn other news, Director Terry L. Lehman bought 1,400 shares of the business’s stock in a transaction on Tuesday, April 29th.
The shares were purchased at an average price of $18.70 per share, for a total transaction of $26,180.00.
Following the purchase, the director now owns 28,237 shares of the company’s stock, valued at approximately $528,031.90. The trade was a 5.
22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 2,210 shares of company stock valued at $41,542 over the last three months.
Company insiders own 4.49% of the company’s stock. Analysts Set New Price TargetsSeparately, StockNews.
com cut shares of Citizens & Northern from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.Check Out Our Latest Report on CZNCCitizens & Northern Profile (Free Report)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.Featured ArticlesFive stocks we like better than Citizens & NorthernWhat Are Dividend Contenders? Investing in Dividend ContendersDon’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetSpecial Purpose Acquisition Company (SPAC) What You Need to Know Coca-Cola Company Stock Can Bubble to New Highs This YearHow to Invest in Tech Stocks and Top Tech Stocks to Consider3 Stocks Lifting 2025 Guidance Despite Market Jitters.
