Citizens & Northern (NASDAQ:CZNC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Citizens & Northern Corp (NASDAQ:CZNC) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.94 and traded as high as $22.66. Citizens & Northern shares last traded at $22.38, with a volume of 31,327 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CZNC shares. Weiss Ratings raised shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 15th. Piper Sandler raised their price objective on Citizens & Northern from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Janney Montgomery Scott raised Citizens & Northern to a “hold” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.00.

Citizens & Northern Trading Up 0.4%

The company has a market capitalization of $398.36 million, a PE ratio of 12.72 and a beta of 0.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.93. The company’s fifty day moving average is $20.61 and its 200-day moving average is $19.94.

Citizens & Northern (NASDAQ:CZNC) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). Citizens & Northern had a net margin of 16.81% and a return on equity of 9.75%. The company had revenue of $29.57 million for the quarter, compared to the consensus estimate of $28.50 million. On average, analysts anticipate that Citizens & Northern Corp will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens & Northern

Several institutional investors and hedge funds have recently added to or reduced their stakes in CZNC. Vanguard Group Inc. lifted its position in shares of Citizens & Northern by 2.3% during the third quarter. Vanguard Group Inc. now owns 823,059 shares of the financial services provider’s stock valued at $16,305,000 after buying an additional 18,165 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Citizens & Northern by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 365,612 shares of the financial services provider’s stock worth $6,926,000 after acquiring an additional 7,811 shares in the last quarter. Stone House Investment Management LLC lifted its position in Citizens & Northern by 0.8% during the second quarter. Stone House Investment Management LLC now owns 99,467 shares of the financial services provider’s stock valued at $1,884,000 after acquiring an additional 828 shares during the last quarter. Marshall Wace LLP boosted its stake in Citizens & Northern by 105.3% in the second quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 29,687 shares in the last quarter. Finally, Hudock Inc. boosted its stake in Citizens & Northern by 1.3% in the second quarter. Hudock Inc. now owns 46,110 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.