Citizens & Northern (NASDAQ:CZNC) Upgraded at StockNews.com

StockNews.com upgraded shares of Citizens & Northern (NASDAQ:CZNC) from a hold rating to a buy rating in a research report released on Monday.

Separately, Piper Sandler upgraded Citizens & Northern to a “hold” rating in a research report on Monday, December 2nd.

Citizens & Northern Trading Up 4.4 %

Shares of CZNC stock opened at $22.36 on Monday. The firm has a market capitalization of $344.57 million, a P/E ratio of 15.53 and a beta of 0.48. Citizens & Northern has a 1 year low of $16.50 and a 1 year high of $22.39. The firm’s fifty day simple moving average is $19.45 and its 200 day simple moving average is $19.51. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. Citizens & Northern had a net margin of 14.47% and a return on equity of 8.28%. As a group, sell-side analysts predict that Citizens & Northern will post 1.61 EPS for the current year.

Citizens & Northern Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.28 dividend. This is a boost from Citizens & Northern’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.01%. Citizens & Northern’s dividend payout ratio is currently 77.78%.

Institutional Trading of Citizens & Northern

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Citizens & Northern by 1.2% during the third quarter. Geode Capital Management LLC now owns 345,823 shares of the financial services provider’s stock valued at $6,811,000 after purchasing an additional 4,243 shares in the last quarter. State Street Corp raised its holdings in shares of Citizens & Northern by 1.1% in the 3rd quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock worth $6,082,000 after buying an additional 3,297 shares in the last quarter. Stone House Investment Management LLC lifted its position in shares of Citizens & Northern by 11.0% during the 3rd quarter. Stone House Investment Management LLC now owns 95,255 shares of the financial services provider’s stock worth $1,876,000 after buying an additional 9,470 shares during the period. Hudock Inc. boosted its stake in Citizens & Northern by 42.2% in the 4th quarter. Hudock Inc. now owns 46,235 shares of the financial services provider’s stock valued at $860,000 after buying an additional 13,712 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Citizens & Northern by 186.3% in the third quarter. JPMorgan Chase & Co. now owns 24,032 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 15,637 shares during the period. Institutional investors own 30.83% of the company’s stock.

About Citizens & Northern

Citizens & Northern Corp. is a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The firm’s lending products include mortgage loans, commercial loans, and consumer loans.