CITIZENS & NORTHERN CORP (NASDAQ:CZNC) director Robert G. Loughery has recently increased his stake in the company through the purchase of additional shares. On April 8, 2024, Loughery acquired 274 shares of common stock at a price of $18.11 per share, amounting to a total investment of $4,961.
The transaction has boosted Loughery's direct holdings in CITIZENS & NORTHERN to 8,636 shares. Additionally, it is noted that indirect ownership through family members includes 2 shares held by his spouse and 375 shares by a child. These holdings reflect Loughery's continued commitment to the company and provide a signal to the market of his belief in the bank's future prospects.
CITIZENS & NORTHERN CORP, with its headquarters in Wellsboro, Pennsylvania, operates as a state commercial bank and serves its customers through a variety of financial services. Investors often monitor the buying and selling activities of company insiders like Loughery as these transactions can provide insights into their perspective on the company's valuation and future performance.
This recent purchase by Director Loughery follows the regulatory requirements where insiders must report their transactions, ensuring transparency in the market. As of the latest filing, there have been no sales transactions reported, indicating that the focus has been on stock acquisition by this insider.
For investors following CITIZENS & NORTHERN CORP, such insider transactions can be valuable information when assessing the company's stock and its alignment with the interests of its directors and executives.
InvestingPro Insights
In light of the recent insider stock purchase by Director Robert G. Loughery of CITIZENS & NORTHERN CORP, investors may find additional context in the company's financials and market performance. According to InvestingPro data, CITIZENS & NORTHERN boasts a market capitalization of approximately $284.34 million, with a Price/Earnings (P/E) ratio of 11.55, slightly adjusting to 11.87 over the last twelve months as of Q4 2023. These figures suggest a potentially undervalued stock, especially when considering the company's consistent dividend history.
Moreover, CITIZENS & NORTHERN has maintained a strong operating income margin of 29.13% over the last twelve months, highlighting efficient management and profitability. This aligns with one of the InvestingPro Tips, which notes that analysts predict the company will be profitable this year. Additionally, CITIZENS & NORTHERN has a notable dividend yield of 6.24% as of the beginning of 2024, emphasizing its appeal to income-focused investors. This is further supported by another InvestingPro Tip, which mentions that the company has maintained dividend payments for 38 consecutive years, demonstrating a commitment to returning value to shareholders.
As investors consider the implications of insider transactions like those of Director Loughery, they may also explore the comprehensive analysis and additional InvestingPro Tips available on the CITIZENS & NORTHERN InvestingPro page. There are a total of 5 InvestingPro Tips listed, providing a deeper dive into the company's financial health and prospects. To access these insights and more, readers are encouraged to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.