Citizens & Northern (NASDAQ:CZNC) Upgraded to “Buy” at StockNews.com

Citizens & Northern (NASDAQ:CZNC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

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

Citizens & Northern Stock Down 1.2 %

Shares of CZNC opened at $21.56 on Thursday. The stock has a market capitalization of $332.33 million, a PE ratio of 12.76 and a beta of 0.49. 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 quick ratio of 0.95 and a current ratio of 0.95. The company’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $19.58.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Citizens & Northern during the 3rd quarter worth about $37,000. SG Americas Securities LLC acquired a new stake in Citizens & Northern during the third quarter worth approximately $102,000. Barclays PLC lifted its position in shares of Citizens & Northern by 290.1% during the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after buying an additional 14,418 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 15,637 shares in the last quarter. Finally, Hudock Inc. grew its position in shares of Citizens & Northern by 42.2% in the 4th 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. 30.83% of the stock is owned by institutional investors and hedge funds.

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.