Citizens & Northern (NASDAQ:CZNC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Citizens & Northern (NASDAQ:CZNC) announced its earnings results on Thursday. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08, Zacks reports. Citizens & Northern had a return on equity of 8.28% and a net margin of 14.47%.

Citizens & Northern Stock Performance

CZNC stock traded up $1.93 during trading on Friday, reaching $21.18. 28,869 shares of the stock were exchanged, compared to its average volume of 34,028. Citizens & Northern has a twelve month low of $16.50 and a twelve month high of $22.20. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $326.38 million, a P/E ratio of 14.70 and a beta of 0.48. The stock has a 50 day simple moving average of $19.40 and a 200-day simple moving average of $19.41.

Wall Street Analyst Weigh In

Separately, Piper Sandler upgraded Citizens & Northern to a “hold” rating in a research note on Monday, December 2nd.

Citizens & Northern Company Profile

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.