BidaskClub cut shares of Citizens & Northern (NASDAQ:CZNC) from a sell rating to a strong sell rating in a report published on Saturday, February 17th.
Separately, Sandler O’Neill set a $26.00 target price on shares of Citizens & Northern and gave the stock a hold rating in a research report on Wednesday, January 3rd.
Citizens & Northern (CZNC) traded down $0.35 during trading hours on Friday, reaching $23.82. 6,299 shares of the company’s stock were exchanged, compared to its average volume of 18,696. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Citizens & Northern has a fifty-two week low of $22.00 and a fifty-two week high of $26.75. The company has a market cap of $291.96, a P/E ratio of 25.91 and a beta of 0.45.
A number of hedge funds have recently made changes to their positions in CZNC. Dimensional Fund Advisors LP lifted its position in shares of Citizens & Northern by 16.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 200,245 shares of the financial services provider’s stock worth $4,919,000 after purchasing an additional 28,530 shares during the period. Bank of New York Mellon Corp lifted its position in Citizens & Northern by 49.8% during the fourth quarter. Bank of New York Mellon Corp now owns 83,280 shares of the financial services provider’s stock valued at $1,999,000 after acquiring an additional 27,681 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Citizens & Northern during the fourth quarter valued at approximately $306,000. State Street Corp lifted its position in Citizens & Northern by 5.3% during the second quarter. State Street Corp now owns 233,500 shares of the financial services provider’s stock valued at $5,429,000 after acquiring an additional 11,670 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Citizens & Northern by 19.9% during the fourth quarter. Deutsche Bank AG now owns 65,803 shares of the financial services provider’s stock valued at $1,578,000 after acquiring an additional 10,900 shares during the last quarter. Institutional investors and hedge funds own 29.38% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/03/14/citizens-northern-cznc-downgraded-to-strong-sell-at-bidaskclub.html.
Citizens & Northern Company Profile
Citizens & Northern Corporation is a holding company. The Company’s principal activity is community banking. The Company, through its subsidiaries, is engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State.
Receive News & Ratings for Citizens & Northern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens & Northern and related companies with MarketBeat.com's FREE daily email newsletter.