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

Citizens & Northern (NASDAQ:CZNC - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

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

Citizens & Northern Stock Performance

Shares of NASDAQ CZNC traded up $1.20 during midday trading on Monday, reaching $21.91. 189,909 shares of the company were exchanged, compared to its average volume of 47,813. The stock has a market cap of $337.63 million, a P/E ratio of 15.22 and a beta of 0.48. Citizens & Northern has a 1 year low of $16.50 and a 1 year high of $22.20. The stock has a fifty day simple moving average of $19.39 and a 200 day simple moving average of $19.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. On average, research analysts forecast that Citizens & Northern will post 1.61 earnings per share for the current fiscal year.

Institutional Trading of Citizens & Northern

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Citizens & Northern by 22.3% during the 4th quarter. SG Americas Securities LLC now owns 6,327 shares of the financial services provider's stock worth $118,000 after purchasing an additional 1,153 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Citizens & Northern during the 3rd quarter worth $37,000. State Street Corp increased its holdings in Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider's stock valued at $6,082,000 after purchasing an additional 3,297 shares in the last quarter. Geode Capital Management LLC raised its position in Citizens & Northern by 1.2% in the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock valued at $6,811,000 after purchasing an additional 4,243 shares during the period. Finally, Stone House Investment Management LLC lifted its stake 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 worth $1,876,000 after purchasing an additional 9,470 shares in the last quarter. 30.83% of the stock is 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.

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