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

Citizens & Northern (NASDAQ:CZNC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other analysts have also weighed in on the company. Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of Citizens & Northern from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Citizens & Northern currently has an average rating of “Hold” and a consensus target price of $23.50.

Citizens & Northern Stock Performance

NASDAQ CZNC opened at $25.39 on Friday. Citizens & Northern has a 1-year low of $18.16 and a 1-year high of $25.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $22.63 and a 200-day moving average of $22.49. The firm has a market cap of $454.99 million, a PE ratio of 23.29 and a beta of 0.40.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.56). The company had revenue of $36.90 million for the quarter, compared to analysts’ expectations of $35.60 million. Citizens & Northern had a net margin of 9.67% and a return on equity of 7.47%. As a group, sell-side analysts forecast that Citizens & Northern will post 2.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in shares of Citizens & Northern by 521.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,433 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Citizens & Northern by 71.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after buying an additional 749 shares during the period. Raymond James Financial Inc. bought a new position in shares of Citizens & Northern during the second quarter valued at approximately $58,000. Tower Research Capital LLC TRC raised its holdings in shares of Citizens & Northern by 596.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,939 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Citizens & Northern by 62.9% in the third quarter. BNP Paribas Financial Markets now owns 3,604 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 1,391 shares during the period. Institutional investors own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.