Citizens & Northern (NASDAQ:CZNC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Shares of Citizens & Northern (NASDAQ CZNC) traded down $0.15 on Wednesday, reaching $24.12. The company’s stock had a trading volume of 14,887 shares, compared to its average volume of 24,813. 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 one year low of $22.00 and a one year high of $26.75. The firm has a market capitalization of $295.33, a price-to-earnings ratio of 18.70 and a beta of 0.46.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Citizens & Northern had a net margin of 25.58% and a return on equity of 8.33%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Citizens & Northern by 0.3% in the second quarter. Vanguard Group Inc. now owns 428,290 shares of the financial services provider’s stock valued at $9,962,000 after purchasing an additional 1,431 shares during the period. Citizens & Northern Corp lifted its position in shares of Citizens & Northern by 2.9% in the third quarter. Citizens & Northern Corp now owns 237,457 shares of the financial services provider’s stock valued at $5,832,000 after acquiring an additional 6,644 shares in the last quarter. State Street Corp lifted its position in shares of Citizens & Northern by 5.3% in the second quarter. State Street Corp now owns 233,500 shares of the financial services provider’s stock valued at $5,429,000 after acquiring an additional 11,670 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Citizens & Northern by 16.6% in the third quarter. Dimensional Fund Advisors LP now owns 200,245 shares of the financial services provider’s stock valued at $4,919,000 after acquiring an additional 28,530 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of Citizens & Northern by 5.3% in the third quarter. Neuberger Berman Group LLC now owns 154,029 shares of the financial services provider’s stock valued at $3,783,000 after acquiring an additional 7,756 shares in the last quarter. 29.09% of the stock is currently owned by institutional investors.

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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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