BidaskClub upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a hold rating to a buy rating in a research note released on Thursday.

Shares of CZNC opened at $25.40 on Thursday. Citizens & Northern has a one year low of $22.00 and a one year high of $28.99. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.17. The stock has a market cap of $312.37 million, a price-to-earnings ratio of 16.49 and a beta of 0.45.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.42 EPS for the quarter. Citizens & Northern had a return on equity of 9.97% and a net margin of 27.35%. The company had revenue of $16.02 million during the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of CZNC. Acadian Asset Management LLC acquired a new stake in Citizens & Northern during the 2nd quarter worth about $162,000. First Trust Advisors LP raised its stake in shares of Citizens & Northern by 18.1% during the 2nd quarter. First Trust Advisors LP now owns 13,896 shares of the financial services provider’s stock valued at $359,000 after buying an additional 2,132 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Citizens & Northern by 16.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,729 shares of the financial services provider’s stock valued at $614,000 after buying an additional 3,429 shares during the last quarter. BlackRock Inc. raised its stake in shares of Citizens & Northern by 4.6% during the 2nd quarter. BlackRock Inc. now owns 919,458 shares of the financial services provider’s stock valued at $23,777,000 after buying an additional 40,041 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Citizens & Northern by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 274,660 shares of the financial services provider’s stock valued at $7,103,000 after buying an additional 26,845 shares during the last quarter. 29.39% of the stock is owned by institutional investors.

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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