Citizens & Northern (NASDAQ:CZNC – Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.24, FiscalAI reports. The company had revenue of $40.07 million during the quarter, compared to analysts’ expectations of $37.20 million. Citizens & Northern had a net margin of 13.28% and a return on equity of 9.54%.
Citizens & Northern Trading Up 1.1%
Shares of Citizens & Northern stock opened at $26.93 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. Citizens & Northern has a 12-month low of $18.87 and a 12-month high of $26.73. The firm has a market capitalization of $482.87 million, a price-to-earnings ratio of 18.01 and a beta of 0.41. The firm’s 50 day simple moving average is $25.64 and its two-hundred day simple moving average is $23.80.
Analyst Upgrades and Downgrades
CZNC has been the topic of a number of recent analyst reports. Weiss Ratings raised Citizens & Northern from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut Citizens & Northern from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 18th. Finally, Zacks Research upgraded Citizens & Northern from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Citizens & Northern presently has a consensus rating of “Hold” and a consensus target price of $23.50.
Read Our Latest Analysis on Citizens & Northern
About Citizens & Northern
Citizens & Northern Corporation is a bank holding company headquartered in Wellsboro, Pennsylvania. Through its principal subsidiary, Citizens & Northern Bank, the company provides community banking services to individuals, families, businesses and organizations.
The bank offers deposit accounts, consumer and commercial lending, residential mortgages, agricultural loans, cash-management services and online and mobile banking. It also provides wealth management, trust and investment services, as well as insurance and other financial solutions through affiliated businesses and service providers.
Founded in 1864, Citizens & Northern has a long history of serving communities in north-central Pennsylvania and nearby areas of southern New York.
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