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Frank G. Pellegrino, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently acquired 191 shares of the company’s common stock. The purchase, valued at approximately $4,056, was executed at a price of $21.24 per share on February 7, 2025. Following this transaction, Pellegrino holds a total of 41,151 shares in the company. The acquisition was made under a pre-existing plan that became effective on May 1, 2024. The stock, which currently offers a 5.2% dividend yield and has maintained dividend payments for 39 consecutive years, appears slightly undervalued according to InvestingPro Fair Value analysis. For more detailed insights and additional ProTips on CZNC’s financial health and valuation metrics, check out InvestingPro.
In other recent news, Citizens & Northern has been maintained at a Neutral rating by Piper Sandler, with a consistent price target of $22.00. Piper Sandler’s analysis suggests that the company’s shares are appropriately valued in the market, with an expected upside of approximately 7% to the target. The firm projects Citizens & Northern’s stock to trade at about 12 times its estimated 2025 earnings per share of $1.83, a valuation in line with similar profitability profiles of peer companies.
In determining the 12-month price target, Piper Sandler anticipates that Citizens & Northern’s shares will trade at roughly 145% of its tangible book value per share within a year. This projection is based on an evaluation of the company’s financials and market comparisons. The current valuation of Citizens & Northern relative to its peers has been instrumental in maintaining Piper Sandler’s rating.
These recent developments indicate that there is no compelling reason to adjust the rating or price target based on the available financial metrics and market performance. The Neutral rating reflects Piper Sandler’s balanced view on the potential growth and risks of Citizens & Northern’s stock.
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