Citizens & Northern (NASDAQ:CZNC) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Citizens & Northern (CZNC) from "hold" to "buy," though analyst views are mixed — Weiss also upgraded to buy while Piper Sandler is neutral and Zacks cut to hold, leaving a MarketBeat consensus rating of Hold with a $23.50 target.
• Company fundamentals: CZNC opened at $23.74 with a $425.2M market cap and a P/E of 16.04; last quarter EPS was $0.56 on $64.78M revenue, with a net margin of 13.75% and ROE of 9.79%, and analysts forecast ~1.91 EPS for the year.
• Institutional activity: Institutional investors own about 30.83% of the stock, with several funds notably increasing stakes recently (e.g., Russell Investments +521%, Tower Research +596%).

Citizens & Northern (NASDAQ:CZNC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other analysts have also issued reports on the company. Piper Sandler upped their target price on Citizens & Northern from $22.50 to $23.50 and gave the stock a "neutral" rating in a report on Thursday, January 29th. Zacks Research lowered Citizens & Northern from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Finally, Weiss Ratings upgraded Citizens & Northern from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $23.50.

Citizens & Northern Stock Down 0.7%

Shares of CZNC stock opened at $23.74 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Citizens & Northern has a 1 year low of $18.02 and a 1 year high of $24.11. The firm's fifty day moving average price is $22.75 and its two-hundred day moving average price is $21.10. The firm has a market capitalization of $425.18 million, a P/E ratio of 16.04 and a beta of 0.50.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.56 EPS for the quarter. The company had revenue of $64.78 million during the quarter. Citizens & Northern had a net margin of 13.75% and a return on equity of 9.79%. On average, equities analysts predict that Citizens & Northern will post 1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Citizens & Northern

Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in Citizens & Northern by 521.1% during the third quarter. Russell Investments Group Ltd. now owns 1,708 shares of the financial services provider's stock worth $34,000 after purchasing an additional 1,433 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Citizens & Northern by 71.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,798 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 749 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Citizens & Northern during the 2nd quarter worth about $58,000. Tower Research Capital LLC TRC lifted its stake in shares of Citizens & Northern by 596.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,432 shares of the financial services provider's stock worth $65,000 after buying an additional 2,939 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Citizens & Northern by 210.2% during the 3rd quarter. CWM LLC now owns 3,574 shares of the financial services provider's stock worth $71,000 after buying an additional 2,422 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.

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