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

Citizens & Northern (NASDAQ:CZNC) announced its quarterly earnings data on Thursday. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate 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 Trading Up 10.0 %

NASDAQ CZNC traded up $1.93 during trading on Friday, reaching $21.18. 28,869 shares of the stock traded hands, compared to its average volume of 34,028. Citizens & Northern has a fifty-two week low of $16.50 and a fifty-two week high of $22.20. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a market cap of $326.38 million, a price-to-earnings ratio of 14.70 and a beta of 0.48. The stock’s 50-day moving average price is $19.40 and its 200 day moving average price is $19.41.

Analysts Set New Price Targets

Separately, Piper Sandler raised shares of 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.