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

Citizens & Northern (NASDAQ:CZNC) was upgraded by research analysts at Piper Sandler to a “hold” rating in a report issued on Monday,Zacks.com reports.

Citizens & Northern Stock Performance

Shares of NASDAQ CZNC opened at $20.51 on Monday. Citizens & Northern has a one year low of $16.50 and a one year high of $23.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $316.06 million, a price-to-earnings ratio of 14.24 and a beta of 0.47. The stock’s fifty day moving average price is $19.66 and its two-hundred day moving average price is $18.96.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. The business had revenue of $27.49 million during the quarter, compared to the consensus estimate of $28.10 million. On average, equities analysts forecast that Citizens & Northern will post 1.6 EPS for the current year.

Institutional Trading of Citizens & Northern

Large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Citizens & Northern during the third quarter worth about $37,000. Barclays PLC raised its position in shares of Citizens & Northern by 290.1% in the 3rd quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock valued at $381,000 after buying an additional 14,418 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Citizens & Northern by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock worth $6,811,000 after acquiring an additional 4,243 shares during the period. State Street Corp boosted its position in shares of Citizens & Northern by 1.1% during the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after acquiring an additional 3,297 shares in the last quarter. Finally, Stone House Investment Management LLC increased its stake in Citizens & Northern by 11.0% in the third quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock valued at $1,876,000 after acquiring an additional 9,470 shares during the last quarter. 30.83% of the stock is owned by institutional investors and hedge funds.

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.