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

StockNews.com upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a sell rating to a hold rating in a report published on Monday.

Separately, TheStreet downgraded shares of Citizens & Northern from a b- rating to a c+ rating in a research note on Wednesday, March 13th.

Citizens & Northern Trading Down 0.2 %

Shares of CZNC stock opened at $17.85 on Monday. Citizens & Northern has a 1 year low of $16.71 and a 1 year high of $23.50. The firm has a fifty day moving average price of $18.07 and a 200-day moving average price of $19.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $274.53 million, a price-to-earnings ratio of 11.37 and a beta of 0.44.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The firm had revenue of $25.27 million for the quarter, compared to analysts’ expectations of $26.39 million. Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. As a group, equities analysts predict that Citizens & Northern will post 1.63 earnings per share for the current year.

Hedge Funds Weigh In On Citizens & Northern

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fulton Bank N.A. purchased a new position in shares of Citizens & Northern in the fourth quarter worth about $213,000. SG Americas Securities LLC raised its stake in Citizens & Northern by 20.9% during the fourth quarter. SG Americas Securities LLC now owns 8,150 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,409 shares during the period. Emerald Advisers LLC purchased a new position in Citizens & Northern during the third quarter worth about $40,000. Commonwealth Equity Services LLC raised its stake in Citizens & Northern by 33.4% during the third quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 4,914 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Citizens & Northern by 40.1% during the fourth quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,605 shares during the period. 30.83% of the stock is owned by hedge funds and other institutional investors.

About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.