Citizens & Northern Corp (CZNC) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its holdings in Citizens & Northern Corp (NASDAQ:CZNC) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,943 shares of the financial services provider’s stock after selling 5,345 shares during the quarter. TIAA CREF Investment Management LLC owned 0.25% of Citizens & Northern worth $743,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Stone Ridge Asset Management LLC purchased a new stake in Citizens & Northern during the fourth quarter worth $306,000. Wells Fargo & Company MN increased 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 during the last quarter. California Public Employees Retirement System increased its position in Citizens & Northern by 17.6% during 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 purchasing an additional 6,195 shares during the last quarter. Deutsche Bank AG increased its position in shares of Citizens & Northern by 19.9% during the fourth quarter. Deutsche Bank AG now owns 65,803 shares of the financial services provider’s stock valued at $1,578,000 after acquiring an additional 10,900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Citizens & Northern by 49.8% during the fourth quarter. Bank of New York Mellon Corp now owns 83,280 shares of the financial services provider’s stock valued at $1,999,000 after acquiring an additional 27,681 shares during the last quarter. Hedge funds and other institutional investors own 29.00% of the company’s stock.

Shares of Citizens & Northern stock opened at $24.91 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. Citizens & Northern Corp has a 52-week low of $24.22 and a 52-week high of $24.25.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Monday, April 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, April 27th. This represents a $1.08 annualized dividend and a yield of 4.34%.

Separately, BidaskClub cut shares of Citizens & Northern from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th.

Citizens & Northern Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

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

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