Texas Roadhouse earnings missed by $0.05, revenue topped estimates
Frank G. Pellegrino, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently acquired shares in the company. According to a recent SEC filing, Pellegrino purchased 218 shares of common stock on June 6, 2025, at a price of $18.5978 per share, amounting to a total transaction value of $4,054. Following this acquisition, Pellegrino holds a total of 44,623 shares. The transaction was executed under a pre-arranged trading plan that became effective on May 1, 2025. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available through their comprehensive financial analysis tools.
In other recent news, Citizens & Northern Corporation and Susquehanna Community Financial, Inc. have agreed to a merger, with Susquehanna set to merge into Citizens & Northern. This merger will create an entity with approximately $3.2 billion in assets, aiming to expand market reach and diversify loan offerings. The merger is anticipated to close in the fourth quarter of 2025, pending regulatory approvals and shareholder consent. Susquehanna shareholders will receive 0.80 shares of Citizens & Northern common stock for each share held, totaling $44.3 million in consideration. This deal is expected to increase Citizens & Northern’s earnings per share by 17% in 2026.
Additionally, Citizens & Northern recently held its Annual Meeting of Shareholders, where key proposals were voted on, including the election of directors and executive compensation. All director nominees were elected, and the executive compensation proposal was approved. The ratification of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was also passed with a significant majority. These developments highlight Citizens & Northern’s strategic moves and governance activities in recent times.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.