Citizens & Northern (NASDAQ:CZNC) Rating Lowered to Sell at StockNews.com

Citizens & Northern (NASDAQ:CZNC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Separately, TheStreet cut Citizens & Northern from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Citizens & Northern Trading Up 6.5 %

Citizens & Northern stock opened at $18.16 on Tuesday. Citizens & Northern has a one year low of $16.71 and a one year high of $23.50. The company has a market cap of $279.26 million, a price-to-earnings ratio of 11.57 and a beta of 0.44. 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 firm has a 50-day moving average of $17.91 and a 200-day moving average of $19.39.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08). The company had revenue of $25.27 million during the quarter, compared to analyst estimates of $26.39 million. Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. On average, equities analysts expect that Citizens & Northern will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of Citizens & Northern

Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of Citizens & Northern by 33.4% in 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. Fulton Bank N.A. acquired a new stake in Citizens & Northern during the fourth quarter worth about $213,000. SG Americas Securities LLC raised its position in shares of Citizens & Northern by 20.9% in the 4th quarter. SG Americas Securities LLC now owns 8,150 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,409 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Citizens & Northern by 82.6% during the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 3,440 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Citizens & Northern by 40.1% during the 4th quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,605 shares during the period. 30.83% of the stock is currently owned by institutional investors.

Citizens & Northern Company Profile

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.