Katherine W. Shattuck, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently acquired 91 shares of the company's common stock, according to a Form 4 filing with the Securities and Exchange Commission. The purchase, which took place on December 6, 2024, was executed at an average price of $20.46 per share, amounting to a total transaction value of approximately $1,861. This transaction was conducted under a pre-established trading plan that became effective on May 1, 2024. Following this transaction, Shattuck's direct ownership in the company increased to 7,718 shares. Trading at a P/E ratio of 14.2, InvestingPro analysis indicates the stock is currently trading near its Fair Value, with additional insights and metrics available to subscribers.
In other recent news, Piper Sandler maintained its Neutral rating on Citizens & Northern, keeping the price target steady at $22.00. The firm's assessment suggests that the market has appropriately valued the company's shares, with an anticipated upside of about 7% to the stated target. Furthermore, Citizens & Northern's stock is projected to trade at roughly 12 times its estimated 2025 earnings per share (EPS) of $1.83, a valuation in line with market multiples of similar companies.
Piper Sandler's methodology for the 12-month price target anticipates that Citizens & Northern's shares will trade at about 145% of its tangible book value per share (TBVPS) within a year. This projection is based on the firm's evaluation of the company's financials and market comparisons. The firm's stance indicates that the current valuation relative to its peers has been a key factor in maintaining the Neutral rating. These are recent developments in the company's financial position and market performance.
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