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

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

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

Citizens & Northern Trading Down 1.2 %

NASDAQ:CZNC opened at $21.25 on Wednesday. Citizens & Northern has a fifty-two week low of $16.50 and a fifty-two 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 stock has a market capitalization of $327.46 million, a PE ratio of 12.57 and a beta of 0.49. The business’s 50-day simple moving average is $19.84 and its 200-day simple moving average is $19.66.

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

Institutional Investors Weigh In On Citizens & Northern

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG raised its position in Citizens & Northern by 3.6% in the 4th quarter. Deutsche Bank AG now owns 14,566 shares of the financial services provider’s stock valued at $271,000 after buying an additional 504 shares during the last quarter. BNP Paribas Financial Markets raised its position in Citizens & Northern by 28.7% in the 4th quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider’s stock valued at $77,000 after buying an additional 918 shares during the last quarter. SG Americas Securities LLC raised its position in Citizens & Northern by 22.3% in the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Citizens & Northern during the 3rd quarter worth approximately $37,000. Finally, Wells Fargo & Company MN increased its position in shares of Citizens & Northern by 24.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

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.