BidaskClub Lowers Citizens & Northern (NASDAQ:CZNC) to Sell

BidaskClub downgraded shares of Citizens & Northern (NASDAQ:CZNC) from a hold rating to a sell rating in a research note released on Tuesday morning, BidAskClub reports.

Separately, ValuEngine upgraded Citizens & Northern from a sell rating to a hold rating in a report on Friday, October 4th.

Shares of CZNC traded up $0.19 during midday trading on Tuesday, hitting $25.00. 1,169 shares of the company traded hands, compared to its average volume of 16,394. The stock has a 50-day moving average of $24.90 and a 200-day moving average of $26.08. Citizens & Northern has a one year low of $22.52 and a one year high of $29.25. The firm has a market cap of $304.86 million, a P/E ratio of 14.06 and a beta of 0.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.87 and a quick ratio of 0.87.



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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased 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 worth $577,000 after buying an additional 5,893 shares in the last quarter. Aperio Group LLC purchased a new position in Citizens & Northern in the 2nd quarter worth approximately $109,000. Renaissance Technologies LLC lifted its holdings in Citizens & Northern by 9.1% in the 2nd quarter. Renaissance Technologies LLC now owns 224,910 shares of the financial services provider’s stock worth $5,922,000 after purchasing an additional 18,710 shares in the last quarter. Bessemer Group Inc. purchased a new position in Citizens & Northern in the 2nd quarter worth approximately $97,000. Finally, Dimensional Fund Advisors LP lifted 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 worth $7,994,000 after purchasing an additional 14,961 shares in the last quarter. Institutional investors own 30.92% 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.

Read More: Why investors pay attention to retained earnings

Receive News & Ratings for Citizens & Northern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens & Northern and related companies with MarketBeat.com's FREE daily email newsletter.