Citizens & Northern (NASDAQ:CZNC) Rating Increased to Hold at Piper Sandler

Citizens & Northern (NASDAQ:CZNC - Get Free Report) was upgraded by Piper Sandler to a "hold" rating in a report issued on Monday,Zacks.com reports.

Citizens & Northern Stock Performance

Shares of CZNC stock traded up $0.09 during trading on Monday, reaching $20.60. 17,225 shares of the company's stock were exchanged, compared to its average volume of 24,840. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $317.45 million, a PE ratio of 14.24 and a beta of 0.47. Citizens & Northern has a twelve month low of $16.50 and a twelve month high of $23.50. The firm's fifty day moving average price is $19.66 and its 200-day moving average price is $18.96.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $27.49 million during the quarter, compared to the consensus estimate of $28.10 million. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. As a group, sell-side analysts anticipate that Citizens & Northern will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Citizens & Northern

A number of institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of 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 worth $6,082,000 after purchasing an additional 3,297 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Citizens & Northern by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,808 shares of the financial services provider's stock worth $1,768,000 after purchasing an additional 4,173 shares in the last quarter. Geode Capital Management LLC increased its holdings in Citizens & Northern by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider's stock worth $6,811,000 after purchasing an additional 4,243 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Citizens & Northern in the 3rd quarter worth about $102,000. Institutional investors and hedge funds own 30.83% of the company's stock.

About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.