Citizens & Northern
Market Cap
US$342.3m
Last Updated
2021/02/24 23:43 UTC
Data Sources
Company Financials +
Executive Summary
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
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with excellent balance sheet.
Similar Companies
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 not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CZNC's weekly volatility has decreased from 10% to 5% over the past year.
Market Performance
7 Day Return
4.4%
CZNC
6.3%
US Banks
-1.4%
US Market
1 Year Return
-12.7%
CZNC
16.5%
US Banks
37.1%
US Market
Return vs Industry: CZNC underperformed the US Banks industry which returned 12.4% over the past year.
Return vs Market: CZNC underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| CZNC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 6.3% | -1.4% |
| 30 Day | 3.9% | 16.0% | 1.6% |
| 90 Day | 14.2% | 27.2% | 7.3% |
| 1 Year | -7.4%-12.7% | 20.8%16.5% | 40.2%37.1% |
| 3 Year | 11.2%-3.9% | 16.4%6.5% | 62.5%52.1% |
| 5 Year | 36.1%7.4% | 104.0%78.2% | 133.9%108.0% |
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
1 month ago | Simply Wall St
Don't Race Out To Buy Citizens & Northern Corporation (NASDAQ:CZNC) Just Because It's Going Ex-Dividend1 month ago | Simply Wall St
Would Shareholders Who Purchased Citizens & Northern's (NASDAQ:CZNC) Stock Year Be Happy With The Share price Today?2 months ago | Simply Wall St
How Much is Citizens & Northern's (NASDAQ:CZNC) CEO Getting Paid?Valuation
Is Citizens & Northern undervalued compared to its fair value and its price relative to the market?
5.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CZNC ($21.51) is trading below our estimate of fair value ($22.66)
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 (16.6x) compared to the US Banks industry average (12.4x).
PE vs Market: CZNC is good value based on its PE Ratio (16.6x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: CZNC is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: CZNC is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Citizens & Northern forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
16.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CZNC's forecast earnings growth (16.3% per year) is above the savings rate (2%).
Earnings vs Market: CZNC's earnings (16.3% per year) are forecast to grow slower than the US market (20.4% per year).
High Growth Earnings: CZNC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CZNC's revenue (6.7% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: CZNC's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CZNC's Return on Equity is forecast to be low in 3 years time (8.6%).
Next Steps
Past Performance
How has Citizens & Northern performed over the past 5 years?
5.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CZNC has a large one-off loss of $9.3M impacting its December 31 2020 financial results.
Growing Profit Margin: CZNC's current net profit margins (21.7%) are lower than last year (26.6%).
Past Earnings Growth Analysis
Earnings Trend: CZNC's earnings have grown by 5.9% per year over the past 5 years.
Accelerating Growth: CZNC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CZNC had negative earnings growth (-1.5%) over the past year, making it difficult to compare to the Banks industry average (0.5%).
Return on Equity
High ROE: CZNC's Return on Equity (6.4%) is considered low.
Next Steps
Financial Health
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
Balance Sheet
Financial Institutions Analysis
Asset Level: CZNC's Assets to Equity ratio (7.5x) is low.
Allowance for Bad Loans: CZNC has a low allowance for bad loans (49%).
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 (73%).
Low Risk Deposits: CZNC's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: CZNC has an appropriate level of bad loans (1.4%).
Next Steps
Dividend
What is Citizens & Northern current dividend yield, its reliability and sustainability?
5.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CZNC's dividend (5.02%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: CZNC's dividend (5.02%) is in the top 25% of dividend payers in the US market (3.75%)
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: At its current payout ratio (83.3%), CZNC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CZNC's dividends in 3 years are forecast to be covered by earnings (63.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.8yrs
Average management tenure
CEO
Brad Scovill (61 yo)
5.92yrs
Tenure
US$926,207
Compensation
Mr. J. Bradley Scovill, also known as Brad, serves as Member of Community Depository Institutions Advisory Council at FRB of Philadelphia. He serves as President and Chief Executive Officer of Citizens & N...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD926.21K) is below average for companies of similar size in the US market ($USD1.53M).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.92yrs | US$926.21k | 0.50% $ 1.7m | |
| Executive VP | no data | US$501.79k | 0.42% $ 1.5m | |
| Senior VP & Regional Commercial Lending Executive | 0.58yr | no data | no data | |
| Executive VP & Regional President | 0.58yr | no data | 0.12% $ 395.4k | |
| Chairman of Canisteo Valley Corp | no data | no data | no data | |
| Corporate Secretary | no data | no data | no data | |
| Executive VP | 21.42yrs | US$320.31k | 0.24% $ 814.7k | |
| Executive VP and Director of Branch Delivery - Citizens & Northern Bank | 17yrs | US$269.73k | 0.22% $ 738.4k | |
| Executive VP and Chief Credit Officer of Citizens & Northern Bank | 13.75yrs | US$317.16k | 0.15% $ 498.0k | |
| Executive VP and Senior Operations Officer of Citizens & Northern Bank | 15yrs | no data | 0.11% $ 390.6k | |
| Executive VP and Director of Risk Management - Citizens & Northern Bank | 16.67yrs | no data | 0.15% $ 524.6k | |
| Executive VP & Director of Human Resources for Citizens & Northern Bank | 3.08yrs | no data | 0.062% $ 211.3k |
13.8yrs
Average Tenure
58yo
Average Age
Experienced Management: CZNC's management team is seasoned and experienced (13.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.92yrs | US$926.21k | 0.50% $ 1.7m | |
| Chairman of Canisteo Valley Corp | no data | no data | no data | |
| Independent Director | 1.83yrs | US$25.40k | 0.53% $ 1.8m | |
| Independent Director | 32.08yrs | US$80.01k | 0.24% $ 808.3k | |
| Independent Director | 23.08yrs | US$64.41k | 0.12% $ 403.6k | |
| Independent Chairman of the Board | 6.33yrs | US$91.01k | 0.22% $ 750.1k | |
| Member of Advisory Board - Coudersport/Emporium/Port Allegany | no data | no data | no data | |
| Independent Director | 5yrs | US$75.61k | 0.14% $ 481.6k | |
| Independent Director | 2.83yrs | US$64.11k | 0.049% $ 168.7k | |
| Independent Director | 5yrs | US$75.01k | 0.10% $ 348.3k | |
| Independent Director | 3.83yrs | US$62.51k | 0.053% $ 181.4k | |
| Independent Director | 1.58yrs | US$13.50k | 0.018% $ 62.4k |
5.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: CZNC's board of directors are considered experienced (5 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.6%.
Top Shareholders
Company Information
Citizens & Northern Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Citizens & Northern Corporation
- Ticker: CZNC
- Exchange: NasdaqCM
- Founded: 1864
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$342.267m
- Shares outstanding: 15.91m
- Website: https://www.cnbankpa.com
Number of Employees
Location
- Citizens & Northern Corporation
- 90-92 Main Street
- PO Box 58
- Wellsboro
- Pennsylvania
- 16901
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CZNC | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Oct 1990 |
Biography
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 | 2021/02/24 23:43 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.