Citizens & Northern (NASDAQ:CZNC – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
Separately, Piper Sandler raised Citizens & Northern to a “hold” rating in a report on Monday, December 2nd.
Get Our Latest Stock Report on CZNC
Citizens & Northern Stock Down 1.2 %
Citizens & Northern (NASDAQ:CZNC – Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. Citizens & Northern had a return on equity of 9.71% and a net margin of 16.50%. Equities research analysts expect that Citizens & Northern will post 1.91 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in Citizens & Northern in the 3rd quarter valued at $37,000. BNP Paribas Financial Markets boosted its stake in Citizens & Northern by 28.7% in the 4th quarter. BNP Paribas Financial Markets now owns 4,117 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 918 shares during the period. SG Americas Securities LLC bought a new stake in Citizens & Northern in the 3rd quarter valued at $102,000. Wells Fargo & Company MN boosted its stake in Citizens & Northern by 24.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,634 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,900 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Citizens & Northern by 33.1% in the 4th quarter. MetLife Investment Management LLC now owns 10,101 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 2,512 shares during the period. 30.83% of the stock is owned by institutional investors and hedge funds.
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.
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