Separately, ValuEngine downgraded Citizens & Northern from a hold rating to a sell rating in a research note on Thursday, August 1st.
CZNC stock opened at $26.19 on Thursday. The stock has a 50-day moving average price of $24.21 and a 200-day moving average price of $26.13. Citizens & Northern has a 1-year low of $22.52 and a 1-year high of $29.25. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.19. The firm has a market cap of $320.23 million, a PE ratio of 14.77 and a beta of 0.32.
Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $19.06 million during the quarter. Citizens & Northern had a return on equity of 10.69% and a net margin of 26.57%.
Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its position in Citizens & Northern by 2.3% in the first quarter. Rhumbline Advisers now owns 17,191 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 391 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Citizens & Northern by 3.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 29,606 shares of the financial services provider’s stock valued at $780,000 after buying an additional 967 shares during the period. Bank of Montreal Can boosted its position in Citizens & Northern by 28.1% during the second quarter. Bank of Montreal Can now owns 5,083 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,116 shares during the period. Wells Fargo & Company MN boosted its position in Citizens & Northern by 7.1% during the second quarter. Wells Fargo & Company MN now owns 23,197 shares of the financial services provider’s stock valued at $610,000 after buying an additional 1,544 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Citizens & Northern by 542.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,481 shares of the financial services provider’s stock valued at $62,000 after buying an additional 2,095 shares during the period. 30.62% of the stock is currently owned by hedge funds and other institutional investors.
Citizens & Northern Company Profile
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.
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