This northeastern bank beat analysts’ earnings forecast by $0.10 last quarter. The shares have a current dividend yield of 4.61%, paid quarterly.
Citizens & Northern Corporation (CZNC)
From Forbes Dividend Investor
Wellsboro, Pennsylvania-based Citizens & Northern operates as a holding company for Citizens & Northern Bank, which provides an extensive range of banking services, and deposit and loan products for personal and commercial customers.
It competes in Tioga, Bradford, Sullivan, Lycoming, Potter, Cameron and McKean counties in Pennsylvania, and Steuben and Allegany counties in New York.
Net interest income is expected to rise 14% to $78.4 million. Earnings are expected to be $1.75 per share, giving CZNC a price-earnings ratio of 13.3, a discount of 12% to the stock’s five-year average P/E of 15.1.
Members of the board of directors have been avid buyers of CZNC shares over the past two years, including this month. Citizens & Northern pays a quarterly dividend of $0.27.
John Dobosz, Forbes Dividend Investor, newsletters.forbes.com, 212-367-3388, April 9, 2021