Citizens & Northern (NASDAQ:CZNC - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.
Separately, Piper Sandler raised Citizens & Northern to a "hold" rating in a report on Monday, December 2nd.
Read Our Latest Stock Analysis on Citizens & Northern
Citizens & Northern Price Performance
NASDAQ CZNC traded up $0.14 during trading on Thursday, reaching $21.70. The company's stock had a trading volume of 26,576 shares, compared to its average volume of 44,318. The firm has a fifty day moving average of $19.64 and a 200 day moving average of $19.57. Citizens & Northern has a one year low of $16.50 and a one year high of $22.68. The stock has a market capitalization of $334.40 million, a PE ratio of 12.84 and a beta of 0.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95.
Citizens & Northern (NASDAQ:CZNC - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.08. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. Analysts expect that Citizens & Northern will post 1.91 EPS for the current fiscal year.
Institutional Investors Weigh In On Citizens & Northern
A number of hedge funds and other institutional investors have recently modified their holdings of CZNC. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Citizens & Northern during the 4th quarter valued at $429,000. JPMorgan Chase & Co. raised its stake in shares of Citizens & Northern by 186.3% during the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider's stock valued at $473,000 after acquiring an additional 15,637 shares during the last quarter. Barclays PLC boosted its holdings in shares of Citizens & Northern by 290.1% during the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider's stock worth $381,000 after purchasing an additional 14,418 shares during the period. Hudock Inc. grew its stake in shares of Citizens & Northern by 42.2% in the fourth quarter. Hudock Inc. now owns 46,235 shares of the financial services provider's stock worth $860,000 after purchasing an additional 13,712 shares during the last quarter. Finally, Citizens & Northern Corp increased its holdings in Citizens & Northern by 3.2% during the 4th quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider's stock valued at $6,300,000 after purchasing an additional 10,392 shares during the period. Institutional investors own 30.83% of the company's stock.
Citizens & Northern Company Profile
(
Get Free Report)
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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