Citizens & Northern (NASDAQ:CZNC) Issues Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Citizens & Northern (NASDAQ:CZNC) posted its quarterly earnings results on Thursday. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.24, FiscalAI reports. The firm had revenue of $40.07 million during the quarter, compared to analyst estimates of $37.20 million. Citizens & Northern had a net margin of 13.28% and a return on equity of 9.54%.

Citizens & Northern Trading Up 3.9%

Shares of Citizens & Northern stock traded up $1.01 during trading on Thursday, hitting $26.64. 132,932 shares of the company were exchanged, compared to its average volume of 55,129. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $477.66 million, a P/E ratio of 18.00 and a beta of 0.41. The firm’s fifty day moving average price is $25.62 and its 200 day moving average price is $23.77. Citizens & Northern has a 1-year low of $18.87 and a 1-year high of $26.73.

Analysts Set New Price Targets

CZNC has been the topic of a number of analyst reports. Zacks Research upgraded Citizens & Northern from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen downgraded Citizens & Northern from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings upgraded Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Citizens & Northern currently has an average rating of “Hold” and an average price target of $23.50.

Citizens & Northern Company Profile

Citizens & Northern Corporation is a bank holding company for Citizens & Northern Bank, a community banking institution headquartered in Wellsboro, Pennsylvania. Founded in 1864, the bank serves individuals, families, farmers, businesses and organizations through a network of offices in north-central Pennsylvania and southern New York.

Citizens & Northern Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial loans and agricultural lending.