Citizens & Northern (NASDAQ:CZNC) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning, BidAskClub reports.

Separately, ValuEngine downgraded shares of Citizens & Northern from a hold rating to a sell rating in a research report on Thursday, August 1st.

NASDAQ:CZNC traded up $0.35 during mid-day trading on Thursday, reaching $26.19. The stock had a trading volume of 25,096 shares, compared to its average volume of 13,361. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $310.68 million, a price-to-earnings ratio of 14.33 and a beta of 0.32. Citizens & Northern has a twelve month low of $22.52 and a twelve month high of $29.25. The business has a 50 day simple moving average of $24.20 and a 200 day simple moving average of $26.13.

Citizens & Northern (NASDAQ:CZNC) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.46 EPS for the quarter. The firm had revenue of $19.06 million during the quarter. Citizens & Northern had a net margin of 26.57% and a return on equity of 10.69%.

A number of large investors have recently made changes to their positions in CZNC. Bank of America Corp DE lifted its position in Citizens & Northern by 99.2% in the second quarter. Bank of America Corp DE now owns 47,644 shares of the financial services provider’s stock valued at $1,254,000 after purchasing an additional 23,724 shares during the period. Renaissance Technologies LLC increased its holdings in Citizens & Northern by 9.1% in the second quarter. Renaissance Technologies LLC now owns 224,910 shares of the financial services provider’s stock valued at $5,922,000 after buying an additional 18,710 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Citizens & Northern by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,478 shares of the financial services provider’s stock valued at $7,994,000 after buying an additional 14,961 shares in the last quarter. Vanguard Group Inc. increased its holdings in Citizens & Northern by 1.3% in the second quarter. Vanguard Group Inc. now owns 509,730 shares of the financial services provider’s stock valued at $13,421,000 after buying an additional 6,765 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Citizens & Northern by 60.0% in the first quarter. Acadian Asset Management LLC now owns 16,025 shares of the financial services provider’s stock valued at $401,000 after buying an additional 6,012 shares in the last quarter. Hedge funds and other institutional investors own 30.62% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits, as well as non-insured RepoSweep accounts.

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