BidaskClub downgraded shares of Citizens & Northern (NASDAQ:CZNC) from a sell rating to a strong sell rating in a research note released on Friday, BidAskClub reports.

Separately, ValuEngine cut shares of Citizens & Northern from a hold rating to a sell rating in a research note on Thursday, August 1st.

CZNC opened at $22.66 on Friday. Citizens & Northern has a one year low of $22.52 and a one year high of $29.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day simple moving average is $24.97 and its 200-day simple moving average is $26.34. The stock has a market capitalization of $291.10 million, a P/E ratio of 13.42 and a beta of 0.30.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Monday, July 29th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.08 dividend on an annualized basis and a yield of 4.77%.

In other Citizens & Northern news, Director Leonard Simpson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $27.33, for a total value of $27,330.00. Following the transaction, the director now directly owns 37,034 shares of the company’s stock, valued at $1,012,139.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders acquired 2,372 shares of company stock worth $60,123. Insiders own 3.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Citizens & Northern by 1.3% in the second quarter. Vanguard Group Inc. now owns 509,730 shares of the financial services provider’s stock worth $13,421,000 after purchasing an additional 6,765 shares during the period. Dimensional Fund Advisors LP raised its holdings in Citizens & Northern by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,478 shares of the financial services provider’s stock worth $7,994,000 after purchasing an additional 14,961 shares during the period. Renaissance Technologies LLC raised its holdings in Citizens & Northern by 9.1% in the second quarter. Renaissance Technologies LLC now owns 224,910 shares of the financial services provider’s stock worth $5,922,000 after purchasing an additional 18,710 shares during the period. Geode Capital Management LLC raised its holdings in Citizens & Northern by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 102,909 shares of the financial services provider’s stock worth $2,719,000 after purchasing an additional 5,832 shares during the period. Finally, Bank of America Corp DE raised its holdings in Citizens & Northern by 99.2% in the second quarter. Bank of America Corp DE now owns 47,644 shares of the financial services provider’s stock worth $1,254,000 after purchasing an additional 23,724 shares during the period. 29.29% of the stock is currently owned by hedge funds and other institutional investors.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

Recommended Story: How do CD ladders protect against rising interest rates?

Receive News & Ratings for Citizens & Northern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens & Northern and related companies with MarketBeat.com's FREE daily email newsletter.