StockNews.com Downgrades Citizens & Northern (NASDAQ:CZNC) to Hold

Citizens & Northern (NASDAQ:CZNC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Separately, Piper Sandler raised Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.

Citizens & Northern Stock Performance

NASDAQ CZNC traded up $0.03 on Wednesday, hitting $21.57. 19,021 shares of the stock traded hands, compared to its average volume of 42,523. The business’s fifty day moving average is $19.81 and its two-hundred day moving average is $19.65. Citizens & Northern has a 12 month low of $16.50 and a 12 month high of $22.68. The firm has a market capitalization of $332.36 million, a price-to-earnings ratio of 12.76 and a beta of 0.49. 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 (NASDAQ:CZNC) last announced 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, equities analysts anticipate that Citizens & Northern will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens & Northern

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Citizens & Northern by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 558,315 shares of the financial services provider’s stock worth $10,385,000 after acquiring an additional 8,117 shares during the period. Geode Capital Management LLC raised its position in shares of Citizens & Northern by 1.2% in the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after buying an additional 4,243 shares in the last quarter. Citizens & Northern Corp boosted its stake in Citizens & Northern by 3.2% during the fourth quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock valued at $6,300,000 after buying an additional 10,392 shares during the period. State Street Corp increased its stake in Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after acquiring an additional 3,297 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Citizens & Northern by 5.3% in the 4th quarter. Northern Trust Corp now owns 134,330 shares of the financial services provider’s stock worth $2,499,000 after acquiring an additional 6,814 shares during the last quarter. 30.83% of the stock is owned by institutional investors.

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.