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

Citizens & Northern (NASDAQ:CZNC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued 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 Up 6.5 %

Citizens & Northern stock opened at $18.16 on Tuesday. 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 stock has a market capitalization of $279.26 million, a price-to-earnings ratio of 11.57 and a beta of 0.44. The business has a fifty day moving average price of $17.91 and a 200-day moving average price of $19.39. Citizens & Northern has a 1-year low of $16.71 and a 1-year high of $23.50.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.08). The company had revenue of $25.27 million for the quarter, compared to analyst estimates of $26.39 million. Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. Equities research analysts forecast that Citizens & Northern will post 1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens & Northern

Several hedge funds and other institutional investors have recently bought and sold shares of CZNC. Fulton Bank N.A. purchased a new position in shares of Citizens & Northern during the 4th quarter valued at about $213,000. SG Americas Securities LLC purchased a new position in Citizens & Northern during the third quarter valued at approximately $118,000. Commonwealth Equity Services LLC increased its holdings in shares of Citizens & Northern by 33.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 4,914 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Citizens & Northern by 82.6% in the 1st quarter. BNP Paribas Financial Markets now owns 7,605 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,440 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in Citizens & Northern during the third quarter valued at $40,000. Institutional investors and hedge funds own 30.83% of the company’s stock.

Citizens & Northern Company Profile

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.