Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. More Details
Excellent balance sheet established dividend payer.
Share Price & News
How has Citizens & Northern's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CZNC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CZNC's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: CZNC underperformed the US Banks industry which returned 59.1% over the past year.
Return vs Market: CZNC exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Citizens & Northern's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StCitizens & Northern Corporation (NASDAQ:CZNC) Goes Ex-Dividend Soon
3 months ago | Simply Wall StThis Is Why Citizens & Northern Corporation's (NASDAQ:CZNC) CEO Compensation Looks Appropriate
4 months ago | Simply Wall StBroker Revenue Forecasts For Citizens & Northern Corporation (NASDAQ:CZNC) Are Surging Higher
Is Citizens & Northern undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CZNC ($24.7) is trading below our estimate of fair value ($25.95)
Significantly Below Fair Value: CZNC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CZNC is poor value based on its PE Ratio (15.5x) compared to the US Banks industry average (10.7x).
PE vs Market: CZNC is good value based on its PE Ratio (15.5x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: CZNC is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: CZNC is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).
How is Citizens & Northern forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CZNC's forecast earnings growth (3.7% per year) is above the savings rate (2%).
Earnings vs Market: CZNC's earnings (3.7% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: CZNC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CZNC's revenue (0.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: CZNC's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CZNC's Return on Equity is forecast to be high in 3 years time
How has Citizens & Northern performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CZNC has a large one-off loss of $7.9M impacting its June 30 2021 financial results.
Growing Profit Margin: CZNC's current net profit margins (25.1%) are lower than last year (27.1%).
Past Earnings Growth Analysis
Earnings Trend: CZNC's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: CZNC's earnings growth over the past year (24.8%) exceeds its 5-year average (8.6% per year).
Earnings vs Industry: CZNC earnings growth over the past year (24.8%) underperformed the Banks industry 35%.
Return on Equity
High ROE: CZNC's Return on Equity (8.4%) is considered low.
How is Citizens & Northern's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CZNC's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: CZNC has a low allowance for bad loans (50%).
Low Risk Liabilities: 94% of CZNC's liabilities are made up of primarily low risk sources of funding.
Loan Level: CZNC has an appropriate level of Loans to Assets ratio (68%).
Low Risk Deposits: CZNC's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: CZNC has an appropriate level of bad loans (1.6%).
What is Citizens & Northern current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CZNC's dividend (4.53%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: CZNC's dividend (4.53%) is in the top 25% of dividend payers in the US market (3.55%)
Stability and Growth of Payments
Stable Dividend: CZNC's dividends per share have been stable in the past 10 years.
Growing Dividend: CZNC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.9%), CZNC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Scovill (62 yo)
Mr. J. Bradley Scovill, also known as Brad, serves as Member of Community Depository Institutions Advisory Council at FRB of Philadelphia. He serves as President and Chief Executive Officer of Citizens & N...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD1.05M) is below average for companies of similar size in the US market ($USD1.74M).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
Experienced Management: CZNC's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Experienced Board: CZNC's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CZNC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.6%.
Citizens & Northern Corporation's company bio, employee growth, exchange listings and data sources
- Name: Citizens & Northern Corporation
- Ticker: CZNC
- Exchange: NasdaqCM
- Founded: 1864
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$394.151m
- Shares outstanding: 15.96m
- Website: https://www.cnbankpa.com
Number of Employees
- Citizens & Northern Corporation
- 90-92 Main Street
- PO Box 58
- United States
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Centr...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:15|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.