Citizens & Northern Co. (NASDAQ:CZNC) Declares Quarterly Dividend of $0.28

Citizens & Northern Co. (NASDAQ:CZNC) declared a quarterly dividend on Thursday, January 23rd,investing.com reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.28 per share by the financial services provider on Friday, February 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Monday, February 3rd. This is a boost from Citizens & Northern’s previous quarterly dividend of $0.27.

Citizens & Northern has raised its dividend payment by an average of 0.3% annually over the last three years. Citizens & Northern has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens & Northern to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 55.4%.

Citizens & Northern Stock Performance

NASDAQ CZNC opened at $21.33 on Friday. The stock has a market cap of $328.70 million, a P/E ratio of 12.62 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. Citizens & Northern has a twelve month low of $16.50 and a twelve month high of $22.68. The company’s 50-day simple moving average is $19.53 and its 200 day simple moving average is $19.54.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. As a group, research analysts forecast that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler raised Citizens & Northern to a “hold” rating in a report on Monday, December 2nd. StockNews.com raised shares of Citizens & Northern from a “hold” rating to a “buy” rating in a report on Monday, January 27th.

About Citizens & Northern

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.