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 research note released on Friday, BidAskClub reports.

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

Shares of NASDAQ:CZNC opened at $26.68 on Friday. The company’s 50-day moving average is $24.30 and its 200 day moving average is $26.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $329.40 million, a P/E ratio of 15.19 and a beta of 0.32. Citizens & Northern has a fifty-two week low of $22.52 and a fifty-two week high of $29.25.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.46 earnings per share for the quarter. The company 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%.

Several large investors have recently modified their holdings of CZNC. BNP Paribas Arbitrage SA lifted its holdings in Citizens & Northern by 542.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,481 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 2,095 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Citizens & Northern in the second quarter worth about $97,000. Aperio Group LLC purchased a new stake in shares of Citizens & Northern in the second quarter worth about $109,000. Bank of Montreal Can lifted its holdings in shares of Citizens & Northern by 28.1% in the second quarter. Bank of Montreal Can now owns 5,083 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,116 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Citizens & Northern by 23.2% in the fourth quarter. Bank of America Corp DE now owns 13,011 shares of the financial services provider’s stock worth $344,000 after buying an additional 2,448 shares in the last quarter. 30.62% of the stock is currently owned by institutional investors.

Citizens & Northern Company Profile

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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