Hudock Inc. Has $860,000 Position in Citizens & Northern Co. (NASDAQ:CZNC)

Hudock Inc. increased its position in shares of Citizens & Northern Co. (NASDAQ:CZNC) by 42.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,235 shares of the financial services provider’s stock after purchasing an additional 13,712 shares during the period. Hudock Inc.’s holdings in Citizens & Northern were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CZNC. JPMorgan Chase & Co. lifted its holdings in Citizens & Northern by 186.3% during 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 last quarter. Barclays PLC increased its stake in Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 14,418 shares during the period. Stone House Investment Management LLC increased its stake in Citizens & Northern by 11.0% during the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock worth $1,876,000 after acquiring an additional 9,470 shares during the period. SG Americas Securities LLC bought a new position in Citizens & Northern during the 3rd quarter worth $102,000. Finally, Geode Capital Management LLC increased its stake in 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 acquiring an additional 4,243 shares during the period. 30.83% of the stock is owned by institutional investors and hedge funds.

Citizens & Northern Trading Down 1.8 %

Shares of CZNC opened at $21.52 on Thursday. 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 52-week low of $16.50 and a 52-week high of $22.68. The firm has a market cap of $331.62 million, a price-to-earnings ratio of 12.73 and a beta of 0.49. The business’s fifty day moving average is $19.69 and its 200-day moving average is $19.57.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. Equities analysts anticipate that Citizens & Northern Co. will post 1.91 EPS for the current fiscal year.

Citizens & Northern Increases Dividend

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

Analyst Ratings Changes

A number of research firms have commented on CZNC. StockNews.com upgraded Citizens & Northern from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Piper Sandler upgraded Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd.

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.