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

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

Separately, Piper Sandler raised Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd.

Citizens & Northern Stock Performance

NASDAQ CZNC opened at $21.35 on Friday. The company has a market cap of $329.09 million, a PE ratio of 12.63 and a beta of 0.49. The stock’s 50 day simple moving average is $20.05 and its 200-day simple moving average is $19.78. Citizens & Northern has a 1-year low of $16.50 and a 1-year high of $22.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. As a group, equities research analysts anticipate that Citizens & Northern will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CZNC. Wilmington Savings Fund Society FSB purchased a new position in Citizens & Northern in the third quarter valued at $37,000. BNP Paribas Financial Markets boosted its holdings in Citizens & Northern by 28.7% in the fourth quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 918 shares during the period. SG Americas Securities LLC boosted its holdings in Citizens & Northern by 22.3% in the fourth quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,153 shares during the period. Wells Fargo & Company MN boosted its holdings in Citizens & Northern by 24.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,900 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in Citizens & Northern by 33.1% in the fourth quarter. MetLife Investment Management LLC now owns 10,101 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 2,512 shares during the period. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.