Citizens & Northern (NASDAQ:CZNC) Upgraded by Zacks Research to “Strong-Buy” Rating

Citizens & Northern (NASDAQ:CZNC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages have also commented on CZNC. Piper Sandler raised their price objective on shares of Citizens & Northern from $22.50 to $23.50 and gave the stock a “neutral” rating in a report on Thursday. Janney Montgomery Scott raised Citizens & Northern to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings raised Citizens & Northern from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Citizens & Northern Stock Performance

Shares of CZNC stock opened at $22.76 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.93. Citizens & Northern has a 52 week low of $18.02 and a 52 week high of $22.86. The company’s 50 day moving average price is $20.91 and its two-hundred day moving average price is $20.02. The company has a market capitalization of $405.17 million, a P/E ratio of 12.93 and a beta of 0.56.

Institutional Trading of Citizens & Northern

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Citizens & Northern during the 2nd quarter worth approximately $58,000. Rhumbline Advisers grew its stake in shares of Citizens & Northern by 7.5% in the second quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider’s stock valued at $430,000 after buying an additional 1,592 shares in the last quarter. Jane Street Group LLC acquired a new position in Citizens & Northern during the first quarter worth $324,000. Empowered Funds LLC bought a new stake in Citizens & Northern during the first quarter worth $236,000. Finally, Innova Wealth Partners bought a new stake in Citizens & Northern during the fourth quarter worth $203,000. Institutional investors and hedge funds 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.