Citizens & Northern (NASDAQ:CZNC) Announces Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Citizens & Northern (NASDAQ:CZNC) announced its quarterly earnings results on Thursday. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.24, FiscalAI reports. The company had revenue of $40.07 million during the quarter, compared to analysts’ expectations of $37.20 million. Citizens & Northern had a return on equity of 9.54% and a net margin of 13.28%.

Citizens & Northern Price Performance

Shares of NASDAQ:CZNC traded up $1.01 during trading on Thursday, reaching $26.64. The stock had a trading volume of 132,932 shares, compared to its average volume of 55,129. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91. Citizens & Northern has a 1-year low of $18.87 and a 1-year high of $26.73. The stock has a market cap of $477.66 million, a PE ratio of 18.00 and a beta of 0.41. The business has a fifty day moving average price of $25.62 and a 200-day moving average price of $23.77.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CZNC. Weiss Ratings raised shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Citizens & Northern from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research upgraded Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Citizens & Northern currently has an average rating of “Hold” and an average target price of $23.50.

About Citizens & Northern

Citizens & Northern Corporation is a bank holding company for Citizens & Northern Bank, a community banking institution headquartered in Wellsboro, Pennsylvania. Founded in 1864, the bank serves individuals, families, farmers, businesses and organizations through a network of offices in north-central Pennsylvania and southern New York.

Citizens & Northern Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial loans and agricultural lending.