Citizens & Northern (NASDAQ:CZNC) Upgraded at BidaskClub

BidaskClub upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a sell rating to a hold rating in a report issued on Friday morning, BidAskClub reports.

Separately, ValuEngine lowered shares of Citizens & Northern from a hold rating to a sell rating in a report on Thursday, August 1st.

NASDAQ CZNC opened at $26.70 on Friday. Citizens & Northern has a 52 week low of $22.52 and a 52 week high of $29.25. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $24.39 and its 200-day simple moving average is $26.14. The firm has a market cap of $329.40 million, a PE ratio of 15.19 and a beta of 0.32.



Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $19.06 million for the quarter. Citizens & Northern had a net margin of 26.57% and a return on equity of 10.69%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in Citizens & Northern by 36.8% in the 2nd quarter. Acadian Asset Management LLC now owns 21,918 shares of the financial services provider’s stock valued at $577,000 after buying an additional 5,893 shares during the period. Aperio Group LLC purchased a new stake in Citizens & Northern in the 2nd quarter valued at about $109,000. Bessemer Group Inc. purchased a new stake in Citizens & Northern in the 2nd quarter valued at about $97,000. Dimensional Fund Advisors LP raised its holdings in Citizens & Northern by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 302,478 shares of the financial services provider’s stock valued at $7,994,000 after buying an additional 14,961 shares during the period. Finally, Bank of America Corp DE raised its holdings in Citizens & Northern by 23.2% in the 4th quarter. Bank of America Corp DE now owns 13,011 shares of the financial services provider’s stock valued at $344,000 after buying an additional 2,448 shares during the period. Hedge funds and other institutional investors own 30.62% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

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