Citizens & Northern (NASDAQ:CZNC) Stock Rating Lowered by Wall Street Zen

Citizens & Northern (NASDAQ:CZNC) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Several other research analysts have also weighed in on CZNC. Weiss Ratings raised Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.50.

Citizens & Northern Price Performance

Shares of NASDAQ CZNC opened at $25.39 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average of $25.63 and a 200-day moving average of $23.73. The stock has a market capitalization of $455.24 million, a price-to-earnings ratio of 13.86 and a beta of 0.41. Citizens & Northern has a fifty-two week low of $18.87 and a fifty-two week high of $26.37.

Citizens & Northern (NASDAQ:CZNC) last released its earnings results on Friday, August 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.16. Citizens & Northern had a return on equity of 9.54% and a net margin of 13.28%. The business had revenue of $39.65 million for the quarter, compared to analyst estimates of $38.60 million. As a group, sell-side analysts predict that Citizens & Northern will post 2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens & Northern

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in Citizens & Northern by 70.5% during the third quarter. State of Alaska Department of Revenue now owns 1,630 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 674 shares during the period. Hudock Inc. increased its position in Citizens & Northern by 1.6% during the third quarter. Hudock Inc. now owns 51,592 shares of the financial services provider’s stock worth $1,291,000 after buying an additional 790 shares during the last quarter. Empowered Funds LLC acquired a new position in Citizens & Northern during the second quarter worth approximately $450,000. Bank of America Corp DE bought a new stake in Citizens & Northern in the second quarter valued at approximately $367,000. Finally, Legal & General Group Plc bought a new stake in Citizens & Northern in the second quarter valued at approximately $42,000. 30.83% of the stock is owned by institutional investors.

About Citizens & Northern

Citizens & Northern Corporation is a bank holding company for Citizens & Northern Bank, a community banking institution headquartered in Wellsboro, Pennsylvania. Founded in 1864, the bank serves individuals, families, farmers, businesses and organizations through a network of offices in north-central Pennsylvania and southern New York.

Citizens & Northern Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial loans and agricultural lending.