Citizens & Northern (NASDAQ:CZNC) Raised to “Strong-Buy” at Wall Street Zen

Citizens & Northern (NASDAQ:CZNC) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently issued reports on CZNC. Weiss Ratings upgraded shares of Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Zacks Research raised Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.50.

Citizens & Northern Stock Performance

NASDAQ CZNC opened at $26.11 on Friday. The firm has a market capitalization of $468.15 million, a P/E ratio of 17.64 and a beta of 0.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $24.67 and its two-hundred day moving average price is $23.05. Citizens & Northern has a 1 year low of $18.87 and a 1 year high of $26.26.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. The company had revenue of $39.65 million during the quarter, compared to the consensus estimate of $38.60 million. Citizens & Northern had a net margin of 13.28% and a return on equity of 9.54%. As a group, research analysts anticipate that Citizens & Northern will post 2.17 EPS for the current year.

Institutional Trading of Citizens & Northern

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in shares of Citizens & Northern by 521.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,433 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Citizens & Northern by 71.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 749 shares during the period. Legal & General Group Plc acquired a new stake in Citizens & Northern during the second quarter worth approximately $42,000. Raymond James Financial Inc. bought a new stake in shares of Citizens & Northern during the second quarter worth approximately $58,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Citizens & Northern by 596.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 2,939 shares during the period. Institutional investors and hedge funds own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, a community-oriented financial institution headquartered in Wellsboro, Pennsylvania. Chartered in 1888, the company has cultivated deep roots in north central Pennsylvania and selected counties in upstate New York, offering a broad spectrum of banking services tailored to individuals, families and local businesses.

Through its flagship banking subsidiary, Citizens & Northern provides personal deposit products such as checking and savings accounts, certificates of deposit and money market accounts.