Stone House Investment Management LLC Boosts Stock Holdings in Citizens & Northern Co. (NASDAQ:CZNC)

Stone House Investment Management LLC raised its holdings in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 11.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 95,255 shares of the financial services provider’s stock after purchasing an additional 9,470 shares during the period. Citizens & Northern accounts for about 0.4% of Stone House Investment Management LLC’s portfolio, making the stock its 25th largest position. Stone House Investment Management LLC owned 0.62% of Citizens & Northern worth $1,876,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Citizens & Northern by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 742,332 shares of the financial services provider’s stock valued at $13,941,000 after buying an additional 13,488 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Citizens & Northern by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider’s stock valued at $1,768,000 after buying an additional 4,173 shares in the last quarter. Citizens & Northern Corp boosted its holdings in shares of Citizens & Northern by 7.0% in the 2nd quarter. Citizens & Northern Corp now owns 329,394 shares of the financial services provider’s stock valued at $5,893,000 after buying an additional 21,443 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Citizens & Northern in the 2nd quarter valued at about $187,000. Finally, SG Americas Securities LLC bought a new stake in shares of Citizens & Northern in the 3rd quarter valued at about $102,000. Hedge funds and other institutional investors own 30.83% of the company’s stock.

Citizens & Northern Stock Down 0.2 %

Shares of NASDAQ:CZNC traded down $0.05 during trading on Wednesday, reaching $20.36. The stock had a trading volume of 1,877 shares, compared to its average volume of 24,812. Citizens & Northern Co. has a one year low of $16.50 and a one year high of $23.50. The company has a market capitalization of $313.75 million, a P/E ratio of 14.17 and a beta of 0.46. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm’s 50-day simple moving average is $19.60 and its 200 day simple moving average is $18.88.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $27.49 million during the quarter, compared to analyst estimates of $28.10 million. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. As a group, research analysts expect that Citizens & Northern Co. will post 1.6 EPS for the current fiscal year.

Citizens & Northern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date was Monday, October 28th. Citizens & Northern’s dividend payout ratio (DPR) is presently 77.78%.

Citizens & Northern 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.