BidaskClub downgraded shares of Citizens & Northern (NASDAQ:CZNC) from a buy rating to a hold rating in a report released on Wednesday, BidAskClub reports.

NASDAQ:CZNC opened at $25.71 on Wednesday. Citizens & Northern has a 52 week low of $23.60 and a 52 week high of $29.25. The company has a market capitalization of $318.55 million, a P/E ratio of 15.02 and a beta of 0.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.82.

Citizens & Northern (NASDAQ:CZNC) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.41 EPS for the quarter. Citizens & Northern had a return on equity of 10.84% and a net margin of 32.30%. The firm had revenue of $16.12 million for the quarter.

In other Citizens & Northern news, Director Leonard Simpson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $27.33, for a total transaction of $27,330.00. Following the transaction, the director now owns 37,034 shares in the company, valued at $1,012,139.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have acquired 1,208 shares of company stock worth $32,740. Corporate insiders own 3.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Citizens & Northern by 5.3% during the first quarter. Geode Capital Management LLC now owns 108,378 shares of the financial services provider’s stock valued at $2,713,000 after purchasing an additional 5,469 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Citizens & Northern by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 28,639 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 1,530 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Citizens & Northern by 3.3% during the first quarter. Renaissance Technologies LLC now owns 206,200 shares of the financial services provider’s stock valued at $5,163,000 after purchasing an additional 6,600 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Citizens & Northern by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 317,731 shares of the financial services provider’s stock valued at $7,957,000 after purchasing an additional 15,253 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Citizens & Northern during the first quarter valued at approximately $260,000. Institutional investors own 28.69% 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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