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

Citizens & Northern (NASDAQ:CZNC) issued its quarterly earnings results on Thursday. The financial services provider reported $0.53 EPS for the quarter, beating 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 7.6 %

Shares of CZNC traded up $1.47 during trading hours on Friday, hitting $20.72. The company had a trading volume of 17,345 shares, compared to its average volume of 33,991. The stock’s 50 day moving average price is $19.40 and its 200 day moving average price is $19.41. 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 $319.28 million, a P/E ratio of 14.62 and a beta of 0.48. Citizens & Northern has a 52-week low of $16.50 and a 52-week high of $22.20.

Analysts Set New Price Targets

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

About Citizens & Northern

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.