Citizens & Northern (NASDAQ:CZNC) Rating Lowered to “Hold” at Zacks Research

Citizens & Northern (NASDAQ:CZNC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings upgraded Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 15th. Piper Sandler lifted their price objective on Citizens & Northern from $22.50 to $23.50 and gave the company a “neutral” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Citizens & Northern currently has an average rating of “Hold” and an average target price of $23.50.

Citizens & Northern Price Performance

Shares of CZNC stock opened at $21.42 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. Citizens & Northern has a 12-month low of $18.02 and a 12-month high of $24.11. The firm has a fifty day moving average of $22.40 and a 200-day moving average of $20.82. The firm has a market capitalization of $383.63 million, a price-to-earnings ratio of 14.47 and a beta of 0.54.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.56 EPS for the quarter. The business had revenue of $64.78 million for the quarter. Citizens & Northern had a return on equity of 9.79% and a net margin of 13.75%. On average, equities research analysts forecast that Citizens & Northern will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On Citizens & Northern

Several institutional investors have recently bought and sold shares of CZNC. Invesco Ltd. boosted its position in Citizens & Northern by 34.7% during the 4th quarter. Invesco Ltd. now owns 15,192 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 3,916 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Citizens & Northern by 10.8% in the fourth quarter. Empowered Funds LLC now owns 16,433 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 1,605 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Citizens & Northern by 5.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 31,933 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 1,605 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Citizens & Northern by 16.9% in the fourth quarter. AQR Capital Management LLC now owns 48,147 shares of the financial services provider’s stock worth $971,000 after purchasing an additional 6,970 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Citizens & Northern by 8.9% during the fourth quarter. Osaic Holdings Inc. now owns 11,436 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 933 shares during the last quarter. Institutional investors own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.