Citizens & Northern (CZNC) PT Set at $26.00 by Sandler O’Neill

Citizens & Northern (NASDAQ:CZNC) received a $26.00 price objective from stock analysts at Sandler O’Neill in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s target price indicates a potential upside of 8.97% from the stock’s current price.

Separately, BidaskClub cut Citizens & Northern from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th.

Citizens & Northern (CZNC) traded up $0.07 during trading hours on Wednesday, reaching $23.86. The company had a trading volume of 22,200 shares, compared to its average volume of 17,967. Citizens & Northern has a 52-week low of $22.00 and a 52-week high of $26.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Citizens & Northern had a net margin of 25.58% and a return on equity of 8.33%.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Citizens & Northern by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 428,290 shares of the financial services provider’s stock valued at $9,962,000 after purchasing an additional 1,431 shares in the last quarter. Citizens & Northern Corp boosted its holdings in Citizens & Northern by 2.9% in the 3rd quarter. Citizens & Northern Corp now owns 237,457 shares of the financial services provider’s stock valued at $5,832,000 after purchasing an additional 6,644 shares in the last quarter. State Street Corp boosted its holdings in Citizens & Northern by 5.3% in the 2nd quarter. State Street Corp now owns 233,500 shares of the financial services provider’s stock valued at $5,429,000 after purchasing an additional 11,670 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Citizens & Northern by 16.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 200,245 shares of the financial services provider’s stock valued at $4,919,000 after purchasing an additional 28,530 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Citizens & Northern by 5.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 154,029 shares of the financial services provider’s stock valued at $3,783,000 after purchasing an additional 7,756 shares in the last quarter. Hedge funds and other institutional investors own 29.09% of the company’s stock.

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About Citizens & Northern

Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.

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