Citizens & Northern (NASDAQ:CZNC) Stock Rating Upgraded by Wall Street Zen

Citizens & Northern (NASDAQ:CZNC) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on CZNC. Zacks Research upgraded Citizens & Northern from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. 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, the stock has an average rating of “Hold” and a consensus price target of $23.50.

Citizens & Northern Stock Performance

Shares of CZNC opened at $24.94 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. Citizens & Northern has a one year low of $18.87 and a one year high of $26.37. The firm has a market capitalization of $447.17 million, a P/E ratio of 16.85 and a beta of 0.41. The business has a fifty day moving average of $25.63 and a 200 day moving average of $23.59.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. Citizens & Northern had a return on equity of 9.54% and a net margin of 13.28%. The company had revenue of $39.65 million during the quarter, compared to analysts’ expectations of $38.60 million. As a group, sell-side analysts anticipate that Citizens & Northern will post 2.17 EPS for the current year.

Institutional Trading of Citizens & Northern

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in Citizens & Northern in the second quarter worth about $2,859,000. BlackRock Inc. bought a new position in shares of Citizens & Northern in the second quarter worth about $31,685,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Citizens & Northern during the 2nd quarter valued at about $977,000. Segall Bryant & Hamill LLC purchased a new position in shares of Citizens & Northern during the 1st quarter valued at about $1,498,000. Finally, Empowered Funds LLC purchased a new position in shares of Citizens & Northern during the 2nd quarter valued at about $450,000. Institutional investors own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation is a bank holding company for Citizens & Northern Bank, a community banking institution headquartered in Wellsboro, Pennsylvania. Founded in 1864, the bank serves individuals, families, farmers, businesses and organizations through a network of offices in north-central Pennsylvania and southern New York.

Citizens & Northern Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial loans and agricultural lending.