Citizens & Northern (NASDAQ:CZNC) Raised to “Buy” at StockNews.com

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

Separately, Piper Sandler raised shares of Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.

Citizens & Northern Price Performance

NASDAQ:CZNC opened at $21.42 on Monday. The business’s 50-day simple moving average is $19.45 and its two-hundred day simple moving average is $19.51. Citizens & Northern has a 52 week low of $16.50 and a 52 week high of $22.23. The stock has a market cap of $330.08 million, a PE ratio of 14.88 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%. As a group, analysts forecast that Citizens & Northern will post 1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens & Northern

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Citizens & Northern by 186.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 15,637 shares in the last quarter. Barclays PLC increased its position in Citizens & Northern by 290.1% in the third quarter. Barclays PLC now owns 19,388 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 14,418 shares during the last quarter. Stone House Investment Management LLC raised its stake in shares of 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 period. SG Americas Securities LLC bought a new stake in shares of Citizens & Northern in the 3rd quarter worth about $102,000. Finally, Geode Capital Management LLC boosted its stake 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 purchasing an additional 4,243 shares during the period. 30.83% of the stock is owned by institutional investors.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.