Citizens & Northern (NASDAQ:CZNC) Upgraded at Zacks Research

Zacks Research upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Piper Sandler lifted their price target on shares of Citizens & Northern from $22.50 to $23.50 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings upgraded Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 15th. Finally, Janney Montgomery Scott upgraded Citizens & Northern to a “hold” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.50.

Citizens & Northern Price Performance

CZNC stock opened at $22.76 on Thursday. The firm’s 50-day moving average price is $20.91 and its two-hundred day moving average price is $20.02. Citizens & Northern has a 12-month low of $18.02 and a 12-month high of $22.86. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $405.13 million, a price-to-earnings ratio of 12.93 and a beta of 0.56.

Citizens & Northern Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, February 2nd. Citizens & Northern’s payout ratio is 63.64%.

Institutional Trading of Citizens & Northern

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in shares of Citizens & Northern by 521.1% during the third quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,433 shares during the period. Raymond James Financial Inc. purchased a new position in Citizens & Northern during the 2nd quarter worth approximately $58,000. Tower Research Capital LLC TRC lifted its stake in Citizens & Northern by 596.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,939 shares during the period. CWM LLC boosted its holdings in shares of Citizens & Northern by 210.2% in the 3rd quarter. CWM LLC now owns 3,574 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 2,422 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Citizens & Northern by 62.9% in the third quarter. BNP Paribas Financial Markets now owns 3,604 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 1,391 shares during the period. 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.