Citizens & Northern (CZNC) Downgraded to Strong Sell at BidaskClub

Citizens & Northern (NASDAQ:CZNC) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, Sandler O’Neill set a $26.00 target price on shares of Citizens & Northern and gave the stock a “hold” rating in a report on Wednesday, January 3rd.

Shares of Citizens & Northern (CZNC) opened at $23.25 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Citizens & Northern has a twelve month low of $22.00 and a twelve month high of $26.75.

Hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Citizens & Northern during the 4th quarter worth about $161,000. Nationwide Fund Advisors boosted its holdings in shares of Citizens & Northern by 6.6% during the 2nd quarter. Nationwide Fund Advisors now owns 8,021 shares of the financial services provider’s stock worth $187,000 after buying an additional 500 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Citizens & Northern during the 3rd quarter worth about $256,000. Stone Ridge Asset Management LLC bought a new stake in shares of Citizens & Northern during the 4th quarter worth about $306,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Citizens & Northern by 66.5% during the 3rd quarter. Wells Fargo & Company MN now owns 14,266 shares of the financial services provider’s stock worth $350,000 after buying an additional 5,697 shares during the period. 29.11% of the stock is owned by institutional investors and hedge funds.

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Citizens & Northern Company Profile

Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.

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