Citizens & Northern (NASDAQ:CZNC) Stock Rating Upgraded by Zacks Research

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

CZNC has been the topic of a number of other reports. Wall Street Zen downgraded Citizens & Northern from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Citizens & Northern from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.50.

Citizens & Northern Price Performance

Shares of NASDAQ:CZNC opened at $23.24 on Monday. The firm has a market cap of $416.46 million, a price-to-earnings ratio of 21.32 and a beta of 0.41. The firm has a fifty day moving average price of $21.82 and a 200 day moving average price of $22.07. Citizens & Northern has a fifty-two week low of $18.16 and a fifty-two week high of $24.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.56). Citizens & Northern had a return on equity of 7.47% and a net margin of 9.67%.The company had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $35.60 million. As a group, sell-side analysts expect that Citizens & Northern will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of Citizens & Northern

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC bought a new position in Citizens & Northern during the first quarter valued at $1,498,000. Royal Bank of Canada lifted its holdings in shares of Citizens & Northern by 932.6% in the 1st quarter. Royal Bank of Canada now owns 6,753 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 6,099 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Citizens & Northern by 9.3% in the 1st quarter. Empowered Funds LLC now owns 17,956 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 1,523 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Citizens & Northern by 39.2% during the 1st quarter. Quantinno Capital Management LP now owns 30,539 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 8,604 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Citizens & Northern by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 53,441 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 586 shares during the period. Hedge funds and other 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.