Citizens & Northern Corp director buys $25,500 in stock

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A recent filing with the Securities and Exchange Commission has revealed that Terry L. Lehman, a director at Citizens & Northern Corp (NASDAQ:CZNC), has purchased additional shares in the company. The transaction, which took place on May 29, 2024, involved Lehman buying 1,500 shares of Citizens & Northern Corp common stock at a price of $17.00 per share, totaling an investment of $25,500.

Lehman’s acquisition of shares has increased his direct ownership in the company to 25,567 shares following the transaction. This move by a key insider often garners the attention of investors, as it can be indicative of the director’s confidence in the company’s future prospects.

Citizens & Northern Corp, with its main offices located in Wellsboro, Pennsylvania, operates within the state commercial banks sector. As a financial institution, it serves its community with a range of banking products and services.

Investors and market watchers often keep an eye on insider transactions such as these, as they can provide valuable insights into the company’s health and the sentiment of its leaders. While the reasons behind Lehman’s purchase are not disclosed, such investments by directors are typically viewed as a sign of positive expectations for the company’s performance.

Shareholders and potential investors in Citizens & Northern Corp can access the details of such transactions through SEC filings, which offer transparency and regular updates on insider trades. The latest purchase by Director Lehman represents a noteworthy addition to his stake in the company, reflecting a tangible commitment to its success.

InvestingPro Insights

Following the recent insider share purchase by Terry L. Lehman, a director at Citizens & Northern Corp (NASDAQ:CZNC), investors are considering the company’s financial health and future prospects. An analysis of real-time data from InvestingPro provides further context to this insider activity.

One of the key metrics investors might find reassuring is the company’s commitment to shareholder returns, as Citizens & Northern Corp has maintained dividend payments for an impressive 38 consecutive years. The current Dividend Yield stands at a substantial 6.65%, indicating a significant return on investment for shareholders. This aligns with one of the InvestingPro Tips, which notes that the company pays a considerable dividend to its shareholders.

In terms of valuation, the P/E Ratio is currently at 11.18, with a slight adjustment in the last twelve months as of Q1 2024 to 11.44. This suggests a potentially attractive valuation relative to earnings. Furthermore, the company’s stock is trading near its 52-week low, which could be an opportunity for investors looking for an entry point, especially considering analysts predict the company will be profitable this year, as highlighted by another InvestingPro Tip.

Lastly, Citizens & Northern Corp’s Price / Book ratio as of the last twelve months stands at 1.01, which often indicates a potentially undervalued stock if below industry averages. This, coupled with the insider buying activity, might signal a vote of confidence in the company’s intrinsic value.

For those interested in a deeper dive into Citizens & Northern Corp’s financials and additional insights, InvestingPro offers more tips to guide investment decisions. Utilize coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to a total of 6 InvestingPro Tips to help inform your investment strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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