Wall Street Zen Upgrades Citizens & Northern (NASDAQ:CZNC) to Strong-Buy

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

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

Citizens & Northern Price Performance

Shares of Citizens & Northern stock opened at $25.98 on Friday. The business has a fifty day simple moving average of $23.54 and a 200 day simple moving average of $22.77. The stock has a market cap of $465.82 million, a PE ratio of 17.55 and a beta of 0.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45. Citizens & Northern has a 12 month low of $18.87 and a 12 month high of $26.26.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.16. The business had revenue of $39.65 million for the quarter, compared to analyst estimates of $38.60 million. Citizens & Northern had a net margin of 13.28% and a return on equity of 9.54%. Research analysts predict that Citizens & Northern will post 2.17 EPS for the current year.

Institutional Investors Weigh In On Citizens & Northern

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in Citizens & Northern during the first quarter worth $236,000. Jane Street Group LLC bought a new position in Citizens & Northern in the 1st quarter valued at about $324,000. Rhumbline Advisers grew its position in shares of Citizens & Northern by 7.5% in the second quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 1,592 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Citizens & Northern by 105.3% during the second quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 29,687 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Citizens & Northern during the 2nd quarter worth approximately $58,000. Institutional investors 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.