Citizens & Northern Co. (NASDAQ:CZNC) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its stake in Citizens & Northern Co. (NASDAQ:CZNC) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,029 shares of the financial services provider’s stock after buying an additional 7,756 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.26% of Citizens & Northern worth $3,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. California Public Employees Retirement System boosted its stake in shares of Citizens & Northern by 17.6% in the third quarter. California Public Employees Retirement System now owns 41,295 shares of the financial services provider’s stock worth $1,014,000 after buying an additional 6,195 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Citizens & Northern by 16.6% during the third 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 in the last quarter. Citizens & Northern Corp boosted its position in Citizens & Northern by 2.9% during the third 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 in the last quarter. Wells Fargo & Company MN boosted its position in Citizens & Northern by 66.5% during the third quarter. Wells Fargo & Company MN now owns 14,266 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 5,697 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Citizens & Northern by 28.4% during the third quarter. Rhumbline Advisers now owns 18,704 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 4,140 shares in the last quarter. Hedge funds and other institutional investors own 29.09% of the company’s stock.

Shares of Citizens & Northern Co. (NASDAQ CZNC) opened at $24.54 on Friday. Citizens & Northern Co. has a fifty-two week low of $22.00 and a fifty-two week high of $26.75. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

Citizens & Northern (NASDAQ:CZNC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Citizens & Northern had a return on equity of 8.33% and a net margin of 25.58%.

A number of brokerages have commented on CZNC. BidaskClub cut Citizens & Northern from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Sandler O’Neill set a $26.00 target price on Citizens & Northern and gave the company a “hold” rating in a report on Wednesday, January 3rd.

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Citizens & Northern 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.

Institutional Ownership by Quarter for Citizens & Northern (NASDAQ:CZNC)

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