Frank G. Pellegrino Purchases 459 Shares of Citizens & Northern Co. (CZNC) Stock

Citizens & Northern Co. (NASDAQ:CZNC) Director Frank G. Pellegrino bought 459 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $24.93 per share, for a total transaction of $11,442.87. Following the completion of the transaction, the director now owns 6,290 shares in the company, valued at $156,809.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Citizens & Northern Co. (NASDAQ CZNC) traded down $0.02 on Thursday, reaching $22.43. The company’s stock had a trading volume of 27,700 shares, compared to its average volume of 18,527. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Citizens & Northern Co. has a 12 month low of $22.00 and a 12 month high of $26.75.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Monday, January 29th will be given a dividend of $0.27 per share. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Friday, January 26th.

CZNC has been the topic of several research reports. BidaskClub downgraded Citizens & Northern from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Sandler O’Neill set a $26.00 target price on Citizens & Northern and gave the company a “hold” rating in a research report on Wednesday, January 3rd.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Citizens & Northern by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 428,290 shares of the financial services provider’s stock worth $9,962,000 after purchasing an additional 1,431 shares during the period. Citizens & Northern Corp grew its position in Citizens & Northern by 2.9% during the 3rd quarter. Citizens & Northern Corp now owns 237,457 shares of the financial services provider’s stock worth $5,832,000 after purchasing an additional 6,644 shares during the period. State Street Corp grew its position in Citizens & Northern by 5.3% during the 2nd quarter. State Street Corp now owns 233,500 shares of the financial services provider’s stock worth $5,429,000 after purchasing an additional 11,670 shares during the period. Dimensional Fund Advisors LP grew its position in Citizens & Northern by 16.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 200,245 shares of the financial services provider’s stock worth $4,919,000 after purchasing an additional 28,530 shares during the period. Finally, Neuberger Berman Group LLC grew its position in Citizens & Northern by 5.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 154,029 shares of the financial services provider’s stock worth $3,783,000 after purchasing an additional 7,756 shares during the period. 28.97% of the stock is currently owned by institutional investors.

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Citizens & Northern Company Profile

Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.

Insider Buying and Selling by Quarter for Citizens & Northern (NASDAQ:CZNC)

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