Citizens & Northern (CZNC)
NASDAQ:CZNC
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Citizens & Northern
(NASDAQ:CZNC)
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Rating:67Neutral
Price Target:
$24.00
â–²(22.08% Upside)
Action:DowngradedDate:03/07/26
The score is driven primarily by solid (but slowing) financial performance—stable cash generation and improved leverage offset by revenue decline, margin compression, and weaker ROE. Valuation is supportive with a moderate P/E and high dividend yield, while technicals are mixed with near-term weakness despite being above key longer-term moving averages.
Positive Factors
Improving leverage
Citizens & Northern has materially reduced leverage over recent years, with debt-to-equity falling to ~0.55 in 2025. Lower leverage enhances capital resilience, reduces funding strain in stressed environments, and increases flexibility for lending, dividends, and strategic investments over the medium term.
Negative Factors
Revenue decline
Revenue cooled meaningfully, falling ~3.3% in 2025 after earlier growth. Persistent revenue weakness reduces room to absorb expense or credit shocks, constrains reinvestment in products and branches, and can pressure medium-term profitability if growth drivers are not restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Citizens & Northern has materially reduced leverage over recent years, with debt-to-equity falling to ~0.55 in 2025. Lower leverage enhances capital resilience, reduces funding strain in stressed environments, and increases flexibility for lending, dividends, and strategic investments over the medium term.
Read all positive factors
Citizens & Northern (CZNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$423.40M
Dividend Yield5.43%
Average Volume (3M)41.68K
Price to Earnings (P/E)13.7
Beta (1Y)0.68
Revenue Growth5.76%
EPS Growth21.85%
CountryUS
Employees386
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.56
Shares Outstanding17,910,242
10 Day Avg. Volume36,531
30 Day Avg. Volume41,683
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)0.94
Price to Sales (P/S)2.09
P/FCF Ratio11.44
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue3.67
Enterprise Value/Gross Profit5.61
Enterprise Value/Ebitda18.78
Forecast
1Y Price Target
$23.50Price Target Upside19.53% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.52
Revenue Forecast (FY)$146.90M
Citizens & Northern Business Overview & Revenue Model
Company Description
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. The company offers lending products include commercial,...
How the Company Makes Money
Citizens & Northern generates revenue primarily through interest income from its loan portfolio, which includes commercial loans, consumer loans, and real estate mortgages. Additionally, the bank earns non-interest income from fees associated with...
Citizens & Northern Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 154.19M | 155.47M | 136.24M | 115.48M | 108.95M |
| Gross Profit | 100.75M | 104.31M | 102.95M | 98.70M | 98.73M |
| EBITDA | 28.64M | 34.05M | 32.63M | 34.74M | 39.82M |
| Net Income | 23.43M | 25.96M | 24.15M | 26.62M | 30.55M |
Balance Sheet | |||||
| Total Assets | 3.13B | 2.61B | 2.52B | 2.45B | 2.33B |
| Cash, Cash Equivalents and Short-Term Investments | 337.38M | 348.61M | 472.63M | 553.08M | 622.63M |
| Total Debt | 193.05M | 207.67M | 211.76M | 181.78M | 77.56M |
| Total Liabilities | 2.79B | 2.34B | 2.25B | 2.20B | 2.03B |
| Stockholders Equity | 341.71M | 275.28M | 262.38M | 249.32M | 301.40M |
Cash Flow | |||||
| Free Cash Flow | 28.13M | 31.13M | 31.28M | 31.31M | 32.98M |
| Operating Cash Flow | 32.00M | 33.03M | 33.55M | 34.60M | 34.84M |
| Investing Cash Flow | 196.00K | -20.94M | -53.20M | -234.69M | -103.89M |
| Financing Cash Flow | -111.07M | 58.70M | 24.73M | 151.94M | 68.88M |
Citizens & Northern Technical Analysis
Positive
19.66
Price Trends
22.74
Positive
21.61
Positive
20.31
Positive
Market Momentum
0.33
Negative
67.52
Neutral
91.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CZNC, the sentiment is Positive. The current price of 19.66 is below the 20-day moving average (MA) of 22.43, below the 50-day MA of 22.74, and below the 200-day MA of 20.31, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 67.52 is Neutral, neither overbought nor oversold. The STOCH value of 91.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CZNC.
Citizens & Northern Risk Analysis
Citizens & Northern disclosed 15 risk factors in its most recent earnings report. Citizens & Northern reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Citizens & Northern Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $330.22M | 8.51 | 12.70% | 5.24% | 10.46% | 18.70% | |
70 Outperform | $343.83M | 8.21 | 9.62% | 3.57% | 10.93% | 42.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $423.40M | 13.73 | 7.79% | 5.43% | 5.76% | 21.85% | |
67 Neutral | $355.30M | 7.08 | 13.35% | 2.63% | 11.98% | -10.12% | |
62 Neutral | $443.22M | 10.64 | 8.98% | 2.55% | 6.92% | 26.93% | |
56 Neutral | $306.29M | 9.28 | 10.77% | 3.17% | 4.43% | -12.94% |
* Financial Sector Average
CZNC
Citizens & Northern
23.59
5.80
32.62%
CBAN
Colony Bankcorp
20.98
6.64
46.30%
FNLC
First Bancorp
29.23
7.33
33.49%
PLBC
Plumas Bancorp
51.10
11.62
29.44%
FSBW
FS Bancorp
40.42
3.07
8.21%
PCB
PCB Bancorp
24.20
6.80
39.05%
Citizens & Northern Corporate Events
Dividends
Citizens & Northern Declares Regular Quarterly Cash Dividend
Positive
Jan 22, 2026
On January 22, 2026, Citizens Northern Corporation’s board declared a regular quarterly cash dividend of $0.28 per share, payable on February 13, 2026 to shareholders of record as of February 2, 2026. The move underscores the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.