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

StockNews.com upgraded shares of Citizens & Northern (NASDAQ:CZNCFree Report) from a sell rating to a hold rating in a research note published on Wednesday morning.

Citizens & Northern Trading Up 4.7 %

Citizens & Northern stock opened at $19.22 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.69. Citizens & Northern has a 12-month low of $16.71 and a 12-month high of $23.50. The firm has a market capitalization of $293.49 million, a price-to-earnings ratio of 10.74 and a beta of 0.46. The firm has a 50 day moving average of $21.19 and a 200 day moving average of $19.77.

Citizens & Northern (NASDAQ:CZNCGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Citizens & Northern had a net margin of 20.60% and a return on equity of 11.11%. The firm had revenue of $26.15 million during the quarter, compared to analysts’ expectations of $26.41 million. As a group, research analysts predict that Citizens & Northern will post 1.66 earnings per share for the current year.

Citizens & Northern Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $1.12 dividend on an annualized basis and a yield of 5.83%. Citizens & Northern’s dividend payout ratio is presently 62.57%.

Hedge Funds Weigh In On Citizens & Northern

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Citizens & Northern by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 128,119 shares of the financial services provider’s stock worth $3,123,000 after purchasing an additional 1,050 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Citizens & Northern by 58.5% during the first quarter. MetLife Investment Management LLC now owns 9,570 shares of the financial services provider’s stock valued at $233,000 after buying an additional 3,532 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Citizens & Northern by 180.8% during the first quarter. Great West Life Assurance Co. Can now owns 1,098 shares of the financial services provider’s stock valued at $27,000 after buying an additional 707 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Citizens & Northern by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 419,095 shares of the financial services provider’s stock worth $10,218,000 after buying an additional 15,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Citizens & Northern by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 40,003 shares of the financial services provider’s stock worth $976,000 after acquiring an additional 1,196 shares during the last quarter. Institutional investors own 29.12% of the company’s stock.

Citizens & Northern Company Profile

(Get Free Report)

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and lending services to individual and corporate customers. The company's lending portfolio includes commercial, mortgage, and consumer loans, as well as specialized instruments such as commercial letters-of-credit; and offers deposit products, which includes various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposit.

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