Citizens & Northern (NASDAQ:CZNC) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Citizens & Northern has received a "Hold (C+)" rating from Weiss Ratings, which follows a downgrade from a "strong-buy" to a "hold" by Zacks Research.
• As of the latest trading session, the stock is down 0.2% and is trading at $19.53, with a market cap of $303.11 million.
• Several institutional investors have increased their stakes in Citizens & Northern, with notable increases including a 596.1% boost by Tower Research Capital.

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

Separately, Zacks Research cut Citizens & Northern from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Citizens & Northern has a consensus rating of "Hold".

Citizens & Northern Trading Down 0.2%

CZNC stock traded down $0.03 during trading on Wednesday, hitting $19.53. The company had a trading volume of 21,871 shares, compared to its average volume of 38,225. Citizens & Northern has a one year low of $17.85 and a one year high of $22.68. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $19.69 and a 200-day moving average of $19.38. The stock has a market cap of $303.11 million, a PE ratio of 11.16 and a beta of 0.56.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last issued its earnings results on Friday, August 8th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.07). The firm had revenue of $29.28 million for the quarter, compared to analyst estimates of $27.70 million. Citizens & Northern had a return on equity of 9.60% and a net margin of 16.77%. Research analysts predict that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens & Northern

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC increased its stake in Citizens & Northern by 21.4% in the 2nd quarter. Squarepoint Ops LLC now owns 30,626 shares of the financial services provider's stock valued at $580,000 after buying an additional 5,401 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Citizens & Northern by 596.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider's stock valued at $65,000 after buying an additional 2,939 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of 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 purchasing an additional 1,277 shares in the last quarter. Jane Street Group LLC raised its position in shares of Citizens & Northern by 38.6% in the second quarter. Jane Street Group LLC now owns 22,294 shares of the financial services provider's stock valued at $422,000 after purchasing an additional 6,208 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Citizens & Northern in the second quarter valued at about $58,000. Institutional investors and hedge funds own 30.83% of the company's stock.

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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