Katherine W. Shattuck, a director at Citizens & Northern Corp (NASDAQ:CZNC), reported a purchase of 102 shares of the company's common stock, according to a recent SEC filing. The transaction, which took place on January 3, 2025, was valued at approximately $1,867, with a price per share of $18.3129. Following this acquisition, Shattuck's total holdings in the company increased to 7,820 shares. The purchase was executed under a written plan that became effective on May 1, 2024. Notable for its 38-year track record of consistent dividend payments and current 6.07% yield, Citizens & Northern appears slightly undervalued according to InvestingPro analysis, with earnings results due on January 16. Discover more insider trading patterns and exclusive financial insights with InvestingPro.
"In other recent news, Citizens & Northern has maintained its Neutral rating by Piper Sandler, with a steady price target of $22.00. This assessment suggests that the market has accurately valued the company's shares, with a potential upside of about 7% to the target price. Piper Sandler's analysis projects that Citizens & Northern's stock will trade at approximately 12 times its estimated 2025 earnings per share (EPS) of $1.83, a valuation in line with similar companies.
The firm's method for determining the 12-month price target involves an expectation that Citizens & Northern's shares will trade at about 145% of its tangible book value per share (TBVPS) within the year. This projection is based on an evaluation of the company's financials and market comparisons. Piper Sandler's stance indicates that there is currently no compelling reason to adjust the rating or price target based on the available financial metrics and market performance. These are the recent developments for Citizens & Northern."
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