CZNC CITIZENS & NORTHERN CORP

NEUTRAL Impact: 3/10 Insider Cluster (3 insiders)
Horizon weeks Filed May 13, 2026 Processed 24d 13h ago
Insider cluster: 3 insiders, $0.0M total
Latest settled — T+5d ⚠ clustered
CZNC ▲ +1.20% at T+5d
NEUTRAL call ✓ call won +1.20% · α vs SPY +1.34% · entry $20.75 → $21.00
Next anchor: T+20d due 4d ago
Last close $22.06 (close Jun 12) · +6.31% from $20.75 entry
Entry anchored
May 13, 01:36 PM ET
via Databento tick
T+1d
+0.05%
call +0.05% · α -0.73%
$20.76
settled 5w ago
T+5d
+1.20%
call +1.20% · α +1.34%
$21.00
settled 26d ago
T+20d
call — · α —
due 4d ago
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

Three directors at Citizens & Northern Corp made open-market purchases totaling $26K over a one-week window, with Director Lehman's $21K purchase representing the bulk. This is a modest insider buy cluster at a small regional bank with weak analyst sentiment (0% bullish). The total dollar value is only ~0.007% of the $376M market cap, making it trivial relative to company size.

Key Financial Metrics

Direction
buying
Total Value
$26.0K
Insiders
3

Actionable Insight

The insider buying is too small in dollar terms to signal a meaningful conviction call. Monitor upcoming quarterly earnings for any credit-quality deterioration in the bank's loan book, which is the primary risk for a small regional bank. The negative historical calibration on this ticker suggests prior neutral calls underperformed — but this cluster's trivial size does not warrant a directional call.

Key Facts

  • Three directors purchased shares: Pellegrino (237 shares, $5K), Lehman (1,000 shares, $21K), Shattuck (10 shares, $217)
  • Total cluster value: ~$26K, representing ~0.007% of $376M market cap
  • No C-suite executives participated in open-market purchases
  • Analyst consensus is 0% bullish (0 Strong Buy, 3 Hold, 1 Sell, 2 Strong Sell)
  • Historical model performance on CZNC shows negative T+20 alpha (-6.01% vs SPY) with 33% win rate

Financial Impact

Total insider purchases of $26K are immaterial relative to $376M market cap

insider_ownership

Risk Factors

  • Weak analyst sentiment (0% bullish) suggests limited near-term catalysts
  • Small regional banks face ongoing margin compression and credit risk from commercial real estate exposure
  • Historical model performance shows negative alpha on CZNC filings, indicating possible structural headwinds

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
0% bullish (6 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-CZNC-1779395278378
11 reports for CZNC
Performance horizon
Filters
Rows
Reports for CZNC — sortable, filterable
Type Now
Jun 8, 2026
6d ago
Insider Cluster
NEUTRAL ★ 2/10
$21.55 awaiting T+5awaiting T+5$22.06 (+2.37%)
May 13, 2026
4w ago
Insider Cluster
NEUTRAL ★ 3/10
$20.75 $21.00▲ +1.20%▲ +1.34%$22.06 (+6.31%)
May 13, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$20.75 $21.00▲ +1.20%▲ +1.34%$22.06 (+6.31%)
May 13, 2026
4w ago
Insider Cluster
NEUTRAL ★ 3/10
$20.75 $21.00▲ +1.20%▲ +1.34%$22.06 (+6.31%)
May 13, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$20.75 $21.00▲ +1.20%▲ +1.34%$22.06 (+6.31%)
May 13, 2026
4w ago
Insider Cluster
NEUTRAL ★ 2/10
$20.75 $21.00▲ +1.20%▲ +1.34%$22.06 (+6.31%)
May 11, 2026
4w ago
8-K
NEUTRAL ★ 2/10
$21.05 $20.61▼ −2.09%▼ −2.00%$22.06 (+4.80%)
May 8, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$21.63 $20.76▼ −4.02%▼ −5.49%$22.06 (+1.99%)
May 8, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$21.63 $20.76▼ −4.02%▼ −5.49%$22.06 (+1.99%)
Apr 23, 2026
7w ago
8-K
NEUTRAL ★ 2/10
$22.71 $23.00▲ +1.26%▼ −0.22%$22.06 (−2.88%)
Showing 10 of 11

US Market Status

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