Citizens & Northern Co. (NASDAQ:CZNC) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 286,187 shares, a decline of 43.4% from the February 15th total of 505,504 shares. Based on an average trading volume of 18,367 shares, the short-interest ratio is currently 15.6 days. Currently, 2.4% of the shares of the stock are sold short.
A number of brokerages have weighed in on CZNC. BidaskClub downgraded shares of Citizens & Northern from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. Sandler O’Neill set a $26.00 price target on shares of Citizens & Northern and gave the stock a “hold” rating in a research report on Wednesday, January 3rd.
Shares of Citizens & Northern (CZNC) opened at $24.17 on Wednesday. Citizens & Northern has a 1 year low of $22.00 and a 1 year high of $26.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $295.88, a P/E ratio of 26.27 and a beta of 0.45.
Large investors have recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Citizens & Northern by 3.9% during the 2nd quarter. Northern Trust Corp now owns 135,641 shares of the financial services provider’s stock worth $3,155,000 after buying an additional 5,052 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Citizens & Northern by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 171,715 shares of the financial services provider’s stock worth $3,994,000 after buying an additional 20,885 shares during the period. Citizens & Northern Corp grew its position in shares of Citizens & Northern by 2.9% during the 3rd quarter. Citizens & Northern Corp now owns 237,457 shares of the financial services provider’s stock worth $5,832,000 after buying an additional 6,644 shares during the period. First Trust Advisors LP grew its position in shares of Citizens & Northern by 31.9% during the 3rd quarter. First Trust Advisors LP now owns 25,142 shares of the financial services provider’s stock worth $617,000 after buying an additional 6,086 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Citizens & Northern during the 3rd quarter worth approximately $256,000. Institutional investors own 29.38% of the company’s stock.
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About Citizens & Northern
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.
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