Citizens & Northern (NASDAQ:CZNC) Stock Rating Upgraded by StockNews.com

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

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

Citizens & Northern Price Performance

Shares of CZNC opened at $17.88 on Monday. Citizens & Northern has a twelve month low of $16.71 and a twelve month high of $23.50. The firm’s fifty day simple moving average is $18.10 and its 200-day simple moving average is $19.41. The firm has a market capitalization of $274.99 million, a price-to-earnings ratio of 11.39 and a beta of 0.44. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.68.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The firm 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%. Equities analysts forecast that Citizens & Northern will post 1.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Citizens & Northern by 20.9% during the 4th quarter. SG Americas Securities LLC now owns 8,150 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,409 shares during the last quarter. New York State Common Retirement Fund grew its position in 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 purchasing an additional 1,605 shares during the last quarter. Emerald Advisers LLC purchased a new position in Citizens & Northern during the 3rd quarter worth $40,000. Commonwealth Equity Services LLC grew its position in Citizens & Northern by 33.4% during the 3rd 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 last quarter. Finally, Fulton Bank N.A. purchased a new position in Citizens & Northern during the 4th quarter worth $213,000. 30.83% of the stock is owned by hedge funds and other institutional investors.

About Citizens & Northern

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.