Citizens & Northern (NASDAQ:CZNC) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• Citizens & Northern's stock has been given a "Hold (C+)" rating by Weiss Ratings, with a consensus price target of $22.00.
• The company's shares experienced a 1.2% increase, reaching $19.47, with a 1-year range between $17.85 and $22.68.
• Major institutional investors have increased their stakes in Citizens & Northern, with 30.83% of the stock owned by institutional investors.

Citizens & Northern (NASDAQ:CZNC - Get Free Report)'s stock had its "hold (c+)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Citizens & Northern from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Piper Sandler boosted their price objective on shares of Citizens & Northern from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.00.

Citizens & Northern Trading Up 1.2%

Shares of CZNC stock traded up $0.23 during trading hours on Friday, reaching $19.47. 30,829 shares of the stock traded hands, compared to its average volume of 45,911. Citizens & Northern has a 1-year low of $17.85 and a 1-year high of $22.68. The business has a fifty day moving average price of $19.80 and a 200 day moving average price of $19.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $302.17 million, a PE ratio of 11.06 and a beta of 0.56.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its quarterly earnings results on Tuesday, June 15th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Citizens & Northern had a net margin of 16.81% and a return on equity of 9.86%. The business had revenue of $26.87 million for the quarter. On average, equities research analysts forecast that Citizens & Northern will post 1.91 EPS for the current year.

Institutional Trading of Citizens & Northern

Several large investors have recently added to or reduced their stakes in the business. Hudock Inc. grew its position in Citizens & Northern by 1.3% in the second quarter. Hudock Inc. now owns 46,110 shares of the financial services provider's stock worth $873,000 after acquiring an additional 587 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Citizens & Northern by 1.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,428 shares of the financial services provider's stock worth $841,000 after acquiring an additional 623 shares in the last quarter. Stone House Investment Management LLC grew its position in Citizens & Northern by 0.8% in the second quarter. Stone House Investment Management LLC now owns 99,467 shares of the financial services provider's stock worth $1,884,000 after acquiring an additional 828 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Citizens & Northern by 4.7% in the second quarter. Bridgeway Capital Management LLC now owns 28,498 shares of the financial services provider's stock worth $540,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Citizens & Northern by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 42,672 shares of the financial services provider's stock worth $859,000 after acquiring an additional 1,547 shares in the last quarter. 30.83% of the stock is owned by institutional investors.

Citizens & Northern Company Profile

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.

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