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

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

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

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

Several institutional investors and hedge funds have recently made changes to their positions in CZNC. Bank of America Corp DE boosted its holdings in shares of Citizens & Northern by 99.2% in the 2nd 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 last quarter. Renaissance Technologies LLC boosted its holdings in shares of Citizens & Northern by 9.1% in the 2nd quarter. Renaissance Technologies LLC now owns 224,910 shares of the financial services provider’s stock valued at $5,922,000 after purchasing an additional 18,710 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Citizens & Northern by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 302,478 shares of the financial services provider’s stock valued at $7,994,000 after purchasing an additional 14,961 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Citizens & Northern by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 509,730 shares of the financial services provider’s stock valued at $13,421,000 after purchasing an additional 6,765 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Citizens & Northern by 60.0% in the 1st quarter. Acadian Asset Management LLC now owns 16,025 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 6,012 shares during the last quarter. 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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