Stephen M. Dorwart, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently reported a sale of company shares. On October 16, Dorwart sold 4 shares of common stock at a price of $19.79 each, amounting to a total transaction value of $79. This sale was related to the payment of an annual fee for maintaining his brokerage account.
In addition to the sale, Dorwart acquired 65 shares on November 8 through a dividend reinvestment plan, valued at approximately $1,333. Following these transactions, Dorwart directly owns a total of 11,717 shares. Additionally, he holds 6,548 shares indirectly through a corporation.
InvestingPro Insights
While Stephen M. Dorwart's recent transactions in Citizens & Northern Corp (NASDAQ:CZNC) shares were relatively small, they offer an opportunity to examine the company's broader financial picture. According to InvestingPro data, CZNC has a market capitalization of $311.37 million and a P/E ratio of 14.03, suggesting a reasonable valuation compared to industry peers.
One of the standout InvestingPro Tips for CZNC is its impressive dividend history. The company has maintained dividend payments for 38 consecutive years, demonstrating a strong commitment to shareholder returns. This consistency aligns with Dorwart's recent acquisition of shares through a dividend reinvestment plan, highlighting the value of CZNC's dividend strategy for long-term investors.
Another relevant InvestingPro Tip indicates that analysts predict the company will be profitable this year. This positive outlook is supported by CZNC's current profitability, as the company has been profitable over the last twelve months. The operating income margin stands at a healthy 27.16%, reflecting efficient operations.
It's worth noting that CZNC offers a substantial dividend yield of 5.49%, which may be attractive to income-focused investors like Dorwart. This yield, combined with the company's long-standing dividend history, could explain why insiders might choose to reinvest their dividends.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into CZNC's financial health and prospects. There are 9 more InvestingPro Tips available for Citizens & Northern Corp, which could be valuable for those considering an investment in the company.
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