Citizens & Northern (NASDAQ:CZNC) Upgraded to “Hold” by StockNews.com

Citizens & Northern (NASDAQ:CZNC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Separately, TheStreet lowered shares of Citizens & Northern from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Citizens & Northern Price Performance

NASDAQ CZNC opened at $17.88 on Monday. The company has a 50 day simple moving average of $18.10 and a 200-day simple moving average of $19.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $274.99 million, a price-to-earnings ratio of 11.39 and a beta of 0.44. Citizens & Northern has a 52-week low of $16.71 and a 52-week high of $23.50.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The company had revenue of $25.27 million during the quarter, compared to analysts’ expectations of $26.39 million. Citizens & Northern had a return on equity of 9.60% and a net margin of 17.51%. Equities research analysts predict that Citizens & Northern will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens & Northern

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CZNC. Fulton Bank N.A. bought a new position in Citizens & Northern during the fourth quarter valued at approximately $213,000. SG Americas Securities LLC bought a new position in Citizens & Northern during the third quarter valued at approximately $118,000. Commonwealth Equity Services LLC raised its position in Citizens & Northern by 33.4% during the third quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 4,914 shares in the last quarter. Emerald Advisers LLC bought a new position in Citizens & Northern during the third quarter valued at approximately $40,000. Finally, New York State Common Retirement Fund raised its position in shares of Citizens & Northern by 40.1% in the fourth quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,605 shares during the period. Institutional investors own 30.83% of the company’s stock.

Citizens & Northern Company Profile

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.