StockNews.com Downgrades Citizens & Northern (NASDAQ:CZNC) to Sell

Citizens & Northern (NASDAQ:CZNC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Separately, TheStreet downgraded shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Citizens & Northern Stock Down 4.1 %

Shares of CZNC stock opened at $17.16 on Tuesday. The stock’s fifty day moving average price is $17.95 and its 200 day moving average price is $19.40. Citizens & Northern has a 1-year low of $16.71 and a 1-year high of $23.50. The company has a market cap of $263.92 million, a price-to-earnings ratio of 10.93 and a beta of 0.44. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91.

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

Hedge Funds Weigh In On Citizens & Northern

Institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. acquired a new position in shares of Citizens & Northern in the fourth quarter worth about $213,000. SG Americas Securities LLC increased its stake in shares of Citizens & Northern by 20.9% in the 4th quarter. SG Americas Securities LLC now owns 8,150 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,409 shares in the last quarter. Emerald Advisers LLC acquired a new position in Citizens & Northern in the 3rd quarter worth about $40,000. Commonwealth Equity Services LLC boosted its position in 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 worth $344,000 after purchasing an additional 4,914 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Citizens & Northern by 40.1% in the fourth quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,605 shares during the period. 30.83% of the stock is owned by hedge funds and other 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.