Citizens & Northern (NASDAQ:CZNC) Downgraded to “Hold” Rating by StockNews.com

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

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

Citizens & Northern Stock Performance

Shares of CZNC stock opened at $21.57 on Wednesday. The company has a market capitalization of $332.36 million, a P/E ratio of 12.76 and a beta of 0.49. Citizens & Northern has a 52 week low of $16.50 and a 52 week high of $22.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50 day moving average price is $19.81 and its two-hundred day moving average price is $19.65.

Citizens & Northern (NASDAQ:CZNC) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Citizens & Northern had a net margin of 16.50% and a return on equity of 9.71%. On average, analysts expect that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.

Citizens & Northern Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from Citizens & Northern’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.19%. Citizens & Northern’s dividend payout ratio (DPR) is 66.27%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Citizens & Northern by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 558,315 shares of the financial services provider’s stock valued at $10,385,000 after buying an additional 8,117 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Citizens & Northern by 1.2% in 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 acquiring an additional 4,243 shares during the last quarter. Citizens & Northern Corp raised its holdings in Citizens & Northern by 3.2% during the fourth quarter. Citizens & Northern Corp now owns 338,687 shares of the financial services provider’s stock worth $6,300,000 after acquiring an additional 10,392 shares in the last quarter. State Street Corp boosted its position in Citizens & Northern by 1.1% during the third quarter. State Street Corp now owns 308,868 shares of the financial services provider’s stock valued at $6,082,000 after purchasing an additional 3,297 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Citizens & Northern by 5.3% in the fourth quarter. Northern Trust Corp now owns 134,330 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 6,814 shares in the last quarter. Institutional investors and hedge funds own 30.83% of the company’s stock.

Citizens & Northern Company Profile

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.