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

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

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

Citizens & Northern Stock Performance

NASDAQ:CZNC opened at $17.98 on Monday. 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 company has a market cap of $276.53 million, a price-to-earnings ratio of 11.45 and a beta of 0.44. Citizens & Northern has a 1 year low of $16.71 and a 1 year high of $23.50. The stock’s 50 day simple moving average is $18.11 and its two-hundred day simple moving average is $19.41.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. The business had revenue of $25.27 million for the quarter, compared to analysts’ expectations of $26.39 million. As a group, equities analysts anticipate that Citizens & Northern will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of Citizens & Northern

A number of institutional investors have recently bought and sold shares of the stock. Emerald Advisers LLC purchased a new stake in shares of Citizens & Northern in the third quarter valued at $40,000. New York State Common Retirement Fund raised its position in Citizens & Northern by 40.1% in the 4th quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,605 shares during the period. SG Americas Securities LLC bought a new stake in Citizens & Northern in the third quarter worth about $118,000. Fulton Bank N.A. bought a new stake in Citizens & Northern in the fourth quarter worth about $213,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Citizens & Northern by 33.4% during the third quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock valued at $344,000 after buying an additional 4,914 shares during the period. 30.83% of the stock is currently owned by 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.