Katherine W. Shattuck, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently purchased 90 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired on November 8 at a price of $20.58 per share, totaling approximately $1,852. Following this transaction, Shattuck holds 7,539 shares directly. This purchase was made under a pre-established plan that became effective on May 1, 2024.
InvestingPro Insights
The recent insider purchase by Katherine W. Shattuck aligns with several positive indicators for Citizens & Northern Corp (NASDAQ:CZNC). According to InvestingPro data, the company's stock has shown a significant return over the last week, with a 7.55% price total return. This short-term performance boost could be a factor in Shattuck's decision to increase her stake.
Moreover, CZNC boasts a strong dividend history, which may be attractive to long-term investors like Shattuck. An InvestingPro Tip highlights that the company has maintained dividend payments for 38 consecutive years, demonstrating a commitment to shareholder returns. Currently, CZNC offers a dividend yield of 5.46%, which is notably high in the current market environment.
Despite a slight revenue decline of 4.27% over the last twelve months, CZNC remains profitable, with analysts predicting continued profitability this year. The company's P/E ratio of 14.2 suggests a reasonable valuation relative to earnings, which could indicate potential for future growth.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics beyond those mentioned here. In fact, there are 11 more InvestingPro Tips available for CZNC, providing deeper insights into the company's financial health and market position.
Katherine W. Shattuck, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently purchased 90 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired on November 8 at a price of $20.58 per share, totaling approximately $1,852. Following this transaction, Shattuck holds 7,539 shares directly. This purchase was made under a pre-established plan that became effective on May 1, 2024.
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