StockNews.com Upgrades Citizens & Northern (NASDAQ:CZNC) to “Hold”

StockNews.com upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a sell rating to a hold rating in a report released on Monday morning.

Separately, TheStreet lowered Citizens & Northern from a b- rating to a c+ rating in a research report on Wednesday, March 13th.

Citizens & Northern Trading Up 1.4 %

NASDAQ CZNC opened at $17.98 on Monday. Citizens & Northern has a 12 month low of $16.71 and a 12 month high of $23.50. The company has a market capitalization of $276.53 million, a price-to-earnings ratio of 11.45 and a beta of 0.44. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $18.11 and its 200 day moving average price is $19.41.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.08). Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. The firm had revenue of $25.27 million for the quarter, compared to analysts’ expectations of $26.39 million. On average, sell-side analysts expect that Citizens & Northern will post 1.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. purchased a new stake in shares of Citizens & Northern in the fourth quarter valued at about $213,000. SG Americas Securities LLC purchased a new stake in Citizens & Northern during the 3rd quarter valued at approximately $118,000. Commonwealth Equity Services LLC lifted 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 acquiring an additional 4,914 shares during the period. Emerald Advisers LLC purchased a new position in shares of Citizens & Northern in the 3rd quarter valued at approximately $40,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Citizens & Northern by 40.1% in the fourth quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,605 shares during the period. 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.