StockNews.com Downgrades Citizens & Northern (NASDAQ:CZNC) to Hold

Citizens & Northern (NASDAQ:CZNC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Separately, Piper Sandler upgraded Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd.

Citizens & Northern Price Performance

CZNC stock traded up $0.03 during midday trading on Wednesday, reaching $21.57. 19,021 shares of the stock were exchanged, compared to its average volume of 42,523. The stock has a market capitalization of $332.36 million, a PE ratio of 12.76 and a beta of 0.49. Citizens & Northern has a 52 week low of $16.50 and a 52 week high of $22.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $19.81 and a 200 day moving average price of $19.65.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. As a group, analysts expect that Citizens & Northern will post 1.91 EPS for the current fiscal year.

Institutional Trading of Citizens & Northern

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Citizens & Northern by 186.3% in the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 15,637 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Citizens & Northern in the third quarter worth approximately $102,000. State Street Corp raised its stake in shares of Citizens & Northern by 1.1% in the third quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after purchasing an additional 3,297 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Citizens & Northern by 1.2% in the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after purchasing an additional 4,243 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Citizens & Northern by 290.1% in the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 14,418 shares in the last quarter. 30.83% of the stock is owned by hedge funds and other institutional investors.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.