Citizens & Northern (NASDAQ:CZNC) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Citizens & Northern (NASDAQ:CZNC) from a hold rating to a sell rating in a research note published on Tuesday.

Separately, TheStreet cut shares of Citizens & Northern from a b- rating to a c+ rating in a research report on Wednesday, March 13th.

Citizens & Northern Trading Down 0.6 %

Shares of NASDAQ CZNC opened at $17.05 on Tuesday. The firm has a 50 day moving average price of $17.92 and a two-hundred day moving average price of $19.39. The stock has a market cap of $262.23 million, a P/E ratio of 10.86 and a beta of 0.44. Citizens & Northern has a 52-week low of $16.71 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.91 and a current ratio of 0.91.

Citizens & Northern (NASDAQ:CZNC) last posted its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The company had revenue of $25.27 million during the quarter, compared to analyst estimates of $26.39 million. Citizens & Northern had a net margin of 17.51% and a return on equity of 9.60%. As a group, equities analysts forecast that Citizens & Northern will post 1.63 EPS for the current year.

Citizens & Northern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 6.57%. Citizens & Northern’s payout ratio is currently 71.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CZNC. Emerald Advisers LLC bought a new stake in Citizens & Northern during the third quarter worth $40,000. SG Americas Securities LLC purchased a new position in Citizens & Northern in the third quarter worth $118,000. New York State Common Retirement Fund boosted its stake in Citizens & Northern by 40.1% in the fourth quarter. New York State Common Retirement Fund now owns 5,603 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,605 shares during the last quarter. Fulton Bank N.A. purchased a new stake in shares of Citizens & Northern during the 4th quarter worth approximately $213,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Citizens & Northern by 33.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,618 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 4,914 shares during the period. Institutional investors and hedge funds own 30.83% of the company’s stock.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.