Citizens & Northern (NASDAQ:CZNC) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Price action: CZNC traded above its 200-day moving average on Wednesday (200‑day MA $21.32), reaching as high as $23.26 and last trading at $23.18 on volume of 38,654 shares, a common technical bullish signal.
• Analyst picture: The stock has a consensus rating of Hold with an average target of $23.50 (one Buy, three Hold), and recent mixed research moves include Zacks lowering to Hold while Weiss Ratings and Wall Street Zen upgraded to Buy.
• Fundamentals & ownership: Citizens & Northern reported Q1 EPS of $0.56, a ROE of 9.79%, net margin 13.75%, market cap ~$415M and a PE of 15.66, with analysts forecasting ~2.5 EPS for the year and ~30.8% of shares held by institutions.

Citizens & Northern Corp (NASDAQ:CZNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.32 and traded as high as $23.26. Citizens & Northern shares last traded at $23.18, with a volume of 38,654 shares changing hands.

Analyst Ratings Changes

CZNC has been the subject of several recent research reports. Zacks Research lowered shares of Citizens & Northern from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Piper Sandler raised their target price on Citizens & Northern from $22.50 to $23.50 and gave the company a "neutral" rating in a research report on Thursday, January 29th. Weiss Ratings raised Citizens & Northern from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, January 15th. Finally, Wall Street Zen upgraded Citizens & Northern from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Citizens & Northern currently has a consensus rating of "Hold" and an average target price of $23.50.

Citizens & Northern Trading Down 0.2%

The company has a 50 day simple moving average of $22.77 and a 200 day simple moving average of $21.32. The company has a market capitalization of $415.15 million, a PE ratio of 15.66 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.56 earnings per share for the quarter. Citizens & Northern had a return on equity of 9.79% and a net margin of 13.75%.The business had revenue of $64.78 million for the quarter. Analysts anticipate that Citizens & Northern Corp will post 2.5 earnings per share for the current year.

Hedge Funds Weigh In On Citizens & Northern

Several hedge funds and other institutional investors have recently modified their holdings of CZNC. Empowered Funds LLC purchased a new position in Citizens & Northern in the 1st quarter worth approximately $236,000. Jane Street Group LLC purchased a new position in shares of Citizens & Northern during the 1st quarter worth $324,000. Rhumbline Advisers boosted its position in shares of Citizens & Northern by 7.5% during the 2nd quarter. Rhumbline Advisers now owns 22,685 shares of the financial services provider's stock valued at $430,000 after acquiring an additional 1,592 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Citizens & Northern by 105.3% during the 2nd quarter. Marshall Wace LLP now owns 57,870 shares of the financial services provider's stock valued at $1,096,000 after acquiring an additional 29,687 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Citizens & Northern in the 2nd quarter valued at approximately $58,000. 30.83% of the stock is owned by hedge funds and other institutional investors.

Citizens & Northern Company Profile

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.

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