Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, headquartered in Wellsboro, Pennsylvania which operates 29 banking offices located in Bradford, Bucks, Cameron, Chester, Lycoming, McKean, Potter, Sullivan and Tioga Counties in Pennsylvania and Steuben County in New York, as well as loan production offices in Elmira, New York and York, Pennsylvania.
Company profile
Ticker
CZNC
Exchange
Website
CEO
J. Bradley Scovill
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Bucktail Life Insurance Company • Citizens & Northern Investment Corporation • C&N Financial Services Corporation • Northern Tier Holding LLC ...
IRS number
232451943
CZNC stock data
Investment data
Securities sold
Number of investors
| Top 50 of 100 long holdings End of quarter 31 Mar 22 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $35.89M | 502.98K | 458.42K | +9.7 | |
| $26.16M | 558.55K | 473.87K | +17.9 | |
| $17.83M | 550.59K | 569.1K | -3.3 | |
| $14.27M | 146.01K | 140.68K | +3.8 | |
| $11.14M | 63.79K | 64.53K | -1.2 | |
| $10.84M | 40.39K | 40.04K | +0.9 | |
| $10.29M | 33.36K | 33.89K | -1.6 | |
| $8.18M | 335.68K | 274.35K | +22.4 | |
| $7.79M | 2.79K | 2.85K | -2.3 | |
| $5.94M | 1.82K | 1.81K | +0.5 | |
| $4.17M | 30.58K | 31.41K | -2.7 | |
| $3.89M | 14.26K | 14.89K | -4.3 | |
| $3.56M | 9.95K | 9.79K | +1.6 | |
| $3.45M | 6K | 6.07K | -1.2 | |
| $3.4M | 28.71K | 29.54K | -2.8 | |
| $3.04M | 30.07K | 30.76K | -2.2 | |
| $2.98M | 22.16K | 19.19K | +15.5 | |
| $2.66M | 17.4K | 17.53K | -0.7 | |
| $2.62M | 11.78K | 11.99K | -1.7 | |
| $2.46M | 9.79K | 10.29K | -4.8 | |
| $2.45M | 29.65K | 31.41K | -5.6 | |
| $2.37M | 11.16K | 10.94K | +2.1 | |
| $2.27M | 17.16K | 17.84K | -3.8 | |
| $2.25M | 48.02K | 49.58K | -3.2 | |
| $2.12M | 7.42K | 7.64K | -2.9 | |
| $2.11M | 7.76K | 7.94K | -2.2 | |
| $2.08M | 33.06K | 34.09K | -3.0 | |
| $2.06M | 3.3K | 3.38K | -2.4 | |
| $2.03M | 4.89K | 6.96K | -29.8 | |
| $2M | 38.56K | 39.31K | -1.9 | |
| $2M | 6.97K | 7.78K | -10.4 | |
| $1.97M | 11.1K | 11.44K | -3.0 | |
| $1.94M | 6.5K | 5.08K | +27.9 | |
| $1.94M | 34.26K | 35.34K | -3.0 | |
| $1.93M | 8.02K | 8.29K | -3.3 | |
| $1.87M | 9.58K | 9.78K | -2.1 | |
| $1.73M | 13.53K | 14.16K | -4.5 | |
| $1.7M | 34.37K | 35.36K | -2.8 | |
| $1.7M | 5.03K | 5.18K | -3.0 | |
| $1.67M | 6.75K | 6.97K | -3.2 | |
| $1.61M | 1.02K | 1.04K | -1.9 | |
| $1.57M | 18.52K | 19.01K | -2.6 | |
| $1.55M | 15.23K | 16.47K | -7.5 | |
| $1.54M | 24.76K | 25.52K | -3.0 | |
| $1.53M | 20.98K | 21.47K | -2.3 | |
| $1.5M | 9.1K | 8.84K | +2.9 | |
| $1.5M | 3.32K | 3.45K | -4.0 | |
|
Vanguard Total International Bond Index Fund ETF
|
$1.49M | 28.48K | NEW | |
| $1.42M | 8.69K | 9.08K | -4.3 | |
| $1.4M | 11.72K | 12.32K | -4.9 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
6 May 22
26 Jun 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 114.35M | 114.35M | 114.35M | 114.35M | 114.35M | 114.35M |
| Cash burn (monthly) | (no burn) | 7.73M | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 22.19M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 92.16M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 11.9 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Jun 22 | Pellegrino Frank G | Common Stock | Buy | Acquire P | No | No | 24.4873 | 110 | 2.69K | 27,221 |
| 20 May 22 | Lambert Leo F | Common Stock | Buy | Acquire P | No | No | 23.88 | 1,000 | 23.88K | 35,084 |
| 20 May 22 | Blair T Rush | Common Stock | Other | Acquire J | Yes | No | 24.1808 | 9 | 217.63 | 727 |
| 20 May 22 | Alexander Balagour | Common Stock | Other | Acquire J | Yes | No | 24.1808 | 1 | 24.18 | 131 |
| 20 May 22 | Hughes Mark A | Common Stock | Other | Acquire J | Yes | No | 24.1808 | 162 | 3.92K | 14,112 |
Institutional ownership, Q1 2022
29.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 66 |
| Opened positions | 6 |
| Closed positions | 5 |
| Increased positions | 14 |
| Reduced positions | 31 |
| 13F shares | Current |
|---|---|
| Total value | 109.16M |
| Total shares | 4.62M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 1.05M | $25.7M |
| Vanguard | 706.61K | $17.23M |
| Dimensional Fund Advisors | 419.1K | $10.22M |
| CZNC Citizens & Northern | 335.68K | $8.18M |
| Geode Capital Management | 267.95K | $6.53M |
| STT State Street | 253.76K | $6.19M |
| IVC Wealth Advisors | 142.68K | $3.48M |
| J.W. Cole Advisors | 142.13K | $6K |
| Renaissance Technologies | 135.64K | $3.31M |
| NTRS Northern Trust | 132.4K | $3.23M |
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Bad
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New words:
ample, baseline, branch, breach, care, Curve, decline, desire, employment, fast, fed, FOMC, force, grown, inflation, inflationary, intent, Key, labor, Lancaster, led, litigation, massive, maximizing, model, necessarily, payroll, percent, pipeline, projected, rapid, realign, run, scenario, simulation, staffing, supply, upward, variety, VII, XI
Removed:
absorb, accepting, accounted, accreted, age, agricultural, allocate, annually, apparent, April, arise, assist, assumed, Bancorp, capacity, card, categorized, Chester, closing, comparative, confirmed, connection, consistency, continuing, County, covenant, deal, debit, deferral, delinquency, delinquent, demonstrate, depreciated, designate, earlier, effort, expire, faith, fee, forward, good, implemented, inception, incorporated, insignificant, intangible, interagency, interchange, inventory, joint, lease, letter, leverage, likelihood, merged, merger, merging, mitigate, Monument, moved, NOL, operated, operational, outsourced, oversight, package, parent, personnel, preliminary, preparation, prevent, professional, properly, prudently, ranged, reclassified, recruiting, refinement, reportable, responsible, resume, revised, saving, September, strength, struggling, support, suspend, suspension, title, titled, trillion, variable, variance, yielding
Financial reports
Current reports
8-K
Regulation FD Disclosure
16 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
25 Apr 22
8-K
C&N Declares Dividend and Announces First Quarter 2022 Unaudited Financial Results
21 Apr 22
8-K
Departure of Directors or Certain Officers
18 Feb 22
8-K
C&N Declares Dividend and Announces Fourth Quarter 2021 Unaudited Financial Results
20 Jan 22
8-K
C&N Declares Dividend and Announces Third Quarter 2021 Unaudited Financial Results
21 Oct 21
8-K
C&N Declares Dividend and Announces Second Quarter 2021 Unaudited Financial Results
22 Jul 21
8-K
C&N Welcomes Shattuck to Board of Directors
22 Jun 21
8-K
Regulation FD Disclosure
15 Jun 21
8-K
C&N Announces Closing of $25 Million Fixed-to-floating Rate Subordinated Notes and $15 Million of Fixed Rate Senior Unsecured Notes
19 May 21
Registration and prospectus
424B3
Prospectus supplement
22 Jul 21
D
$15M in debt, sold $15M, 10 investors
20 May 21
D
$25M in debt, sold $25M, 30 investors
20 May 21
424B3
Prospectus supplement
1 May 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
Other
EFFECT
Notice of effectiveness
22 Jul 21
CORRESP
Correspondence with SEC
18 Jul 21
UPLOAD
Letter from SEC
27 Jun 21
EFFECT
Notice of effectiveness
27 Apr 20
CORRESP
Correspondence with SEC
21 Apr 20
UPLOAD
Letter from SEC
12 Apr 20
EFFECT
Notice of effectiveness
5 Feb 19
UPLOAD
Letter from SEC
7 Jun 15
CORRESP
Correspondence with SEC
1 Jun 15
UPLOAD
Letter from SEC
19 May 15
Ownership
4
CITIZENS & NORTHERN / Frank G Pellegrino ownership change
6 Jun 22
4
CITIZENS & NORTHERN / Tracy Ellen Watkins ownership change
25 May 22
4
CITIZENS & NORTHERN / J BRADLEY SCOVILL ownership change
25 May 22
4
CITIZENS & NORTHERN / THOMAS L RUDY JR ownership change
25 May 22
4
CITIZENS & NORTHERN / JOHN M REBER ownership change
25 May 22
4
CITIZENS & NORTHERN / MARK A HUGHES ownership change
25 May 22
4
CITIZENS & NORTHERN / Harold F Hoose III ownership change
25 May 22
4
CITIZENS & NORTHERN / Stan R Dunsmore ownership change
25 May 22
4
CITIZENS & NORTHERN / Shelley L D'Haene ownership change
25 May 22
4
CITIZENS & NORTHERN / Alexander Balagour ownership change
25 May 22
Reddit threads
Daily Discussion Thread - May 12th, 2022
12 May 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - April 29th, 2022
29 Apr 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - March 15th, 2022
15 Mar 22
Daily Discussion Thread - March 14th, 2022
14 Mar 22
Daily Discussion Thread - March 10th, 2022
10 Mar 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22