CZNC Citizens & Northern Corp
Citizens & Northern Corp. operates as a holding company, which engages in community banking. It provides a full range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The company's Lending products include mortgage loans, commercial loans and consumer loans, as well as specialized instruments such as commercial letters-of-credit. The company's Deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, Individual Retirement Accounts and certificates of deposit. The company was founded in 1864 and is headquartered in Wellsboro, PA.
Company profile
Ticker
CZNC
Exchange
Website
CEO
J. Bradley Scovill
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
232451943
CZNC stock data
()
Investment data
| Top 50 of 97 long holdings End of quarter 30 Sep 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $13.16M | 59.04K | 80.56K | -26.7 | |
| $12.64M | 537.72K | 522.88K | +2.8 | |
| $12.43M | 447.73K | 451.54K | -0.8 | |
| $8.25M | 71.23K | 19.56K | +264.2 | |
| $8.02M | 38.14K | 39.49K | -3.4 | |
| $7.84M | 42.3K | 42.15K | +0.4 | |
| $5.78M | 1.84K | 1.87K | -1.6 | |
| $4.71M | 3.21K | 3.31K | -3.1 | |
| $4.29M | 263.99K | 258.51K | +2.1 | |
| $3.58M | 32.91K | 33.95K | -3.1 | |
| $3.49M | 13.32K | 13.39K | -0.5 | |
| $3.44M | 35.75K | 36.88K | -3.1 | |
| $3.28M | 26.13K | 26.85K | -2.7 | |
| $2.86M | 20.55K | 15.08K | +36.2 | |
| $2.73M | 11.3K | 11.67K | -3.1 | |
| $2.67M | 10.64K | 10.94K | -2.8 | |
| $2.54M | 54.88K | 56.57K | -3.0 | |
| $2.47M | 7.34K | 7.5K | -2.1 | |
| $2.44M | 7.22K | 7.4K | -2.5 | |
| $2.35M | 40.92K | 41.28K | -0.9 | |
| $2.31M | 15.52K | 15.75K | -1.5 | |
| $2.25M | 4.15K | 6.52K | -36.3 | |
| $2.14M | 15.69K | 16.27K | -3.6 | |
| $2.1M | 9.49K | 6.75K | +40.7 | |
| $2.05M | 39.61K | 40.67K | -2.6 | |
| $2.04M | 34.96K | 35.2K | -0.7 | |
| $2.03M | 20.31K | 21.02K | -3.4 | |
| $1.97M | 9K | 12.32K | -26.9 | |
| $1.83M | 5.15K | 5.36K | -3.8 | |
| $1.79M | 8.36K | 8.83K | -5.2 | |
| $1.78M | 10.81K | 8.01K | +35.0 | |
| $1.73M | 18.41K | 18.96K | -2.9 | |
| $1.7M | 7.74K | 7.85K | -1.4 | |
| $1.7M | 46.33K | 47.36K | -2.2 | |
| $1.7M | 11.46K | 11.51K | -0.4 | |
| $1.58M | 26.19K | 27.26K | -3.9 | |
| $1.57M | 5.65K | 5.67K | -0.4 | |
| $1.53M | 40.15K | NEW | ||
| $1.51M | 4.22K | 4.3K | -1.9 | |
| $1.5M | 25.06K | 26.1K | -4.0 | |
| $1.48M | 5.32K | 5.34K | -0.3 | |
|
Vanguard Total International Bond Index Fund ETF
|
$1.45M | 24.94K | 19.61K | +27.2 |
| $1.45M | 26.25K | 36.14K | -27.4 | |
| $1.43M | 11.73K | 11.87K | -1.2 | |
| $1.41M | 12.32K | 12.43K | -0.9 | |
| $1.4M | 28.44K | 28.66K | -0.8 | |
| $1.38M | 19.14K | 19.24K | -0.6 | |
| $1.35M | 1.09K | 1.1K | -1.2 | |
| $1.31M | 5.8K | 5.88K | -1.3 | |
| $1.29M | 6.53K | 6.53K | 0 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
6 Nov 20
22 Jan 21
31 Dec 21
News
Financial summary
| Quarter (USD) | Sep 20 | Jun 20 | Mar 20 | Sep 19 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Diluted EPS |
Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 19 Jan 21 | Hoose Harold F III | Common Stock | Payment of exercise | Dispose F | No | 20.86 | 380 | 7.93K | 25,589 |
| 19 Jan 21 | Dunsmore Stan R | Common Stock | Payment of exercise | Dispose F | No | 20.86 | 275 | 5.74K | 14,219 |
| 19 Jan 21 | Rudy Thomas L JR | Common Stock | Payment of exercise | Dispose F | No | 20.86 | 248 | 5.17K | 21,843 |
| 19 Jan 21 | Reber John M | Common Stock | Payment of exercise | Dispose F | No | 20.86 | 244 | 5.09K | 15,417 |
| 19 Jan 21 | D'Haene Shelley L | Common Stock | Payment of exercise | Dispose F | No | 20.86 | 220 | 4.59K | 10,037 |
Institutional ownership Q3 2020
25.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 53 |
| Opened positions | 5 |
| Closed positions | 5 |
| Increased positions | 19 |
| Reduced positions | 20 |
13F shares |
Current |
|---|---|
| Total value | 119.26M |
| Total shares | 4.11M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 976.05K | $15.85M |
| Vanguard | 641.36K | $10.42M |
| Dimensional Fund Advisors | 350.33K | $5.69M |
| CZNC Citizens & Northern | 263.99K | $4.29M |
| STT State Street | 234.71K | $3.81M |
| Geode Capital Management | 193.47K | $3.14M |
| Renaissance Technologies | 161.5K | $2.62M |
| NTRS Northern Trust | 154.53K | $2.51M |
| Pennsylvania Capital Management | 129.48K | $2.12M |
| Maltese Capital Management | 97.24K | $1.58M |
Financial report summary
?Management Discussion
- Third quarter 2020 net income was $2,848,000, and excluding the impact of merger-related expenses and net securities gains, adjusted (non-U.S. GAAP) earnings were $7,923,000. In comparison, third quarter 2019 net income was $5,307,000, and excluding merger-related expenses and net securities gains, adjusted (non-U.S. GAAP) earnings were $5,444,000. Other significant variances were as follows:
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Bad
|
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New words:
approach, bearing, channel, claim, commonly, comprised, concession, conclusion, concurrent, counterparty, COVID, delivery, diligence, elevated, epidemic, fallen, firm, floating, grew, guideline, housing, incorporate, incorporated, lack, master, matter, midpoint, notional, Occupancy, online, OREO, partly, penetration, presence, produce, reaching, referenced, seller, simultaneously, speculative, split, swap, trend, utilized
Removed:
arising, awarded, called, improved, PA, receive, recording, testing
Financial reports
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K/A
2019 FY
Annual report (amended)
21 Feb 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
Current reports
8-K
C&N DECLARES DIVIDEND AND Announces FOURTH QUARTER 2020 UNAUDITED Financial RESULTS
21 Jan 21
8-K
C&N DECLARES DIVIDEND AND Announces THIRD QUARTER 2020 UNAUDITED Financial RESULTS
22 Oct 20
8-K/A
Financial Statements and Exhibits
10 Sep 20
8-K
C&N Declares Dividend and Announces Second Quarter 2020 Unaudited Financial Results
16 Jul 20
8-K
Announce Completion of Acquisition
1 Jul 20
8-K
Results of Operations and Financial Condition
7 May 20
8-K
Submission of Matters to a Vote of Security Holders
21 Apr 20
8-K
C&N DECLARES DIVIDEND AND ANNOUNCES TIMING FOR RELEASE OF 1st QUARTER 2020
16 Apr 20
8-K
Amendments to Articles of Incorporation or Bylaws
7 Apr 20
8-K
Beardslee Announces Retirement from C&N Board of Directors
25 Feb 20
Registration and prospectus
424B3
Prospectus supplement
1 May 20
S-4/A
Registration of securities issued in business combination transactions (amended)
20 Apr 20
S-4
Registration of securities issued in business combination transactions
7 Apr 20
425
Business combination disclosure
18 Dec 19
S-4/A
Registration of securities issued in business combination transactions (amended)
1 Feb 19
S-4
Registration of securities issued in business combination transactions
10 Jan 19
425
Business combination disclosure
28 Sep 18
424B5
Prospectus supplement for primary offering
25 Nov 09
424B5
Prospectus supplement for primary offering
12 Nov 09
FWP
Free writing prospectus
12 Nov 09
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
6 Mar 20
DEF 14A
Definitive proxy
8 Mar 19
DEF 14A
Definitive proxy
9 Mar 18
DEF 14A
Definitive proxy
10 Mar 17
DEF 14A
Definitive proxy
11 Mar 16
DEF 14A
Definitive proxy
13 Mar 15
DEF 14A
Definitive proxy
6 Mar 14
DEF 14A
Definitive proxy
6 Mar 13
DEF 14A
Definitive proxy
7 Mar 12
Other
EFFECT
Notice of effectiveness
27 Apr 20
CORRESP
Correspondence with SEC
22 Apr 20
UPLOAD
Letter from SEC
13 Apr 20
EFFECT
Notice of effectiveness
5 Feb 19
UPLOAD
Letter from SEC
8 Jun 15
CORRESP
Correspondence with SEC
2 Jun 15
UPLOAD
Letter from SEC
20 May 15
EFFECT
Notice of effectiveness
26 Oct 09
UPLOAD
Letter from SEC
13 Oct 09
CORRESP
Correspondence with SEC
7 Oct 09
Ownership
4
CITIZENS & NORTHERN / Tracy Ellen Watkins ownership change
21 Jan 21
4
CITIZENS & NORTHERN / JOHN M REBER ownership change
21 Jan 21
4
CITIZENS & NORTHERN / Shelley L D'Haene ownership change
21 Jan 21
4
CITIZENS & NORTHERN / THOMAS L RUDY JR ownership change
21 Jan 21
4
CITIZENS & NORTHERN / Harold F Hoose III ownership change
21 Jan 21
4
CITIZENS & NORTHERN / Stan R Dunsmore ownership change
21 Jan 21
4
CITIZENS & NORTHERN / Timothy E Schoener ownership change
11 Jan 21
4
CITIZENS & NORTHERN / Frank G Pellegrino ownership change
11 Jan 21
4
CITIZENS & NORTHERN / Robert G Loughery ownership change
11 Jan 21
4
CITIZENS & NORTHERN / Bobbi J Kilmer ownership change
11 Jan 21