BidaskClub upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a strong sell rating to a sell rating in a report released on Wednesday morning.

Separately, Sandler O’Neill set a $26.00 price objective on Citizens & Northern and gave the stock a hold rating in a research note on Wednesday, January 3rd.

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Citizens & Northern (CZNC) opened at $24.35 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Citizens & Northern has a 12 month low of $22.00 and a 12 month high of $26.75.

A number of institutional investors have recently added to or reduced their stakes in CZNC. MetLife Investment Advisors LLC acquired a new stake in shares of Citizens & Northern in the fourth quarter valued at $161,000. Nationwide Fund Advisors increased its stake in shares of Citizens & Northern by 6.6% in 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 shares of Citizens & Northern in the third quarter valued at $256,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Citizens & Northern in the fourth quarter valued at $306,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Citizens & Northern by 31.6% in 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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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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