Katherine W Shattuck buys $1.9k of Citizens & Northern Corp stock

Citizens & Northern Corp (NASDAQ:CZNC) director Katherine W Shattuck has recently increased her stake in the company, according to the latest SEC filing. On July 8, 2024, Shattuck purchased 110 shares of Citizens & Northern Corp's common stock at a price of $16.9448 per share, totaling approximately $1,863.

The transaction was made pursuant to a written plan that became effective on May 1, 2024, indicating a structured buying plan. Following this acquisition, Shattuck now owns a total of 7,060 shares in the company, directly aligning her interests with those of the shareholders.

Citizens & Northern Corp, a state commercial bank based in Pennsylvania, has seen its executives actively participating in the company's stock transactions, which often reflects their confidence in the firm's future prospects. The financial details of such transactions are closely watched by investors as they can provide insights into how top insiders view the stock's value and potential.

Investors and market observers often look at insider buying as a positive sign that those with the most knowledge of the company believe in its future success. Katherine W Shattuck's recent stock purchase might be interpreted by the market as a signal of strong conviction in the bank's trajectory.

Citizens & Northern Corp's stock activity can be followed on the NASDAQ exchange under the ticker symbol CZNC. The bank continues to operate within the financial sector, with a focus on providing banking services to its customers in Pennsylvania.

InvestingPro Insights

As investors digest the news of Katherine W Shattuck's recent purchase of shares in Citizens & Northern Corp (NASDAQ:CZNC), it's worthwhile to consider the company's financial health and market position. According to InvestingPro data, Citizens & Northern Corp boasts a market capitalization of $265.85 million and a price-to-earnings (P/E) ratio of 11.38. This P/E ratio has been relatively stable, with an adjusted figure of 11.54 based on the last twelve months as of Q1 2024, suggesting that the stock may be valued reasonably in relation to its earnings.

Despite a modest revenue growth of 0.84% over the last twelve months, the bank has experienced a quarterly revenue decline of -7.43% in Q1 2024. Nonetheless, Citizens & Northern Corp has maintained a robust operating income margin of 28.52% during the same period, which could indicate efficient management and solid profitability.

An InvestingPro Tip highlights that Citizens & Northern Corp has been a consistent dividend payer, maintaining dividend payments for an impressive 38 consecutive years with a current dividend yield of 6.55%. This commitment to returning value to shareholders, especially when trading near its 52-week low, may attract income-focused investors. Additionally, analysts predict the company will be profitable this year, a sentiment supported by the fact that the company has been profitable over the last twelve months.

For those interested in further analysis, InvestingPro offers additional tips on Citizens & Northern Corp, which can be found at https://www.investing.com/pro/CZNC. To enhance your investment research, use coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. There are 5 more InvestingPro Tips available that could provide deeper insights into the company's financials and market expectations.

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