Citizens & Northern (NASDAQ:CZNC) Stock Rating Upgraded by StockNews.com

Citizens & Northern (NASDAQ:CZNC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

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

Citizens & Northern Stock Down 1.2 %

CZNC stock opened at $21.56 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $19.62 and a two-hundred day moving average of $19.58. Citizens & Northern has a 12 month low of $16.50 and a 12 month high of $22.68. The company has a market cap of $332.33 million, a price-to-earnings ratio of 12.76 and a beta of 0.49.

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, analysts forecast that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Citizens & Northern by 186.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 15,637 shares during the last quarter. Barclays PLC raised its holdings in Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after buying an additional 14,418 shares during the period. Hudock Inc. lifted its position in Citizens & Northern by 42.2% in the fourth quarter. Hudock Inc. now owns 46,235 shares of the financial services provider’s stock valued at $860,000 after buying an additional 13,712 shares during the last quarter. Citizens & Northern Corp boosted its stake in Citizens & Northern by 3.2% during the fourth quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock worth $6,300,000 after buying an additional 10,392 shares during the period. Finally, Stone House Investment Management LLC increased its position in shares of Citizens & Northern by 11.0% during the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after acquiring an additional 9,470 shares during the last quarter. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

Citizens & Northern Company Profile

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.