BidaskClub upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a strong sell rating to a sell rating in a report published on Wednesday morning.
Separately, Sandler O’Neill set a $26.00 price objective on Citizens & Northern and gave the company a hold rating in a research note on Wednesday, January 3rd.
Shares of Citizens & Northern (CZNC) traded up $0.27 during midday trading on Wednesday, reaching $24.35. The company’s stock had a trading volume of 55,803 shares, compared to its average volume of 16,443. Citizens & Northern has a 12-month low of $22.00 and a 12-month high of $26.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.
Hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in Citizens & Northern during the fourth quarter valued at approximately $161,000. Nationwide Fund Advisors raised its stake in Citizens & Northern by 6.6% during the second quarter. Nationwide Fund Advisors now owns 8,021 shares of the financial services provider’s stock valued at $187,000 after buying an additional 500 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Citizens & Northern during the third quarter valued at approximately $256,000. Stone Ridge Asset Management LLC acquired a new stake in Citizens & Northern during the fourth quarter valued at approximately $306,000. Finally, The Manufacturers Life Insurance Company raised its stake in Citizens & Northern by 31.6% during the second quarter. The Manufacturers Life Insurance Company now owns 15,072 shares of the financial services provider’s stock valued at $350,000 after buying an additional 3,616 shares in the last quarter. Hedge funds and other institutional investors own 29.38% of the company’s stock.
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About Citizens & Northern
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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