CZNC CITIZENS & NORTHERN CORP
Price Chart
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 insider buying is modest relative to the $376M market cap (~0.007%), and the historical calibration shows prior neutral calls on CZNC underperformed, suggesting limited predictive value from insider activity at this bank. The cluster is too small to signal material conviction, and the broader insider context shows routine 'Other' transactions (likely dividend reinvestment) by executives and directors on May 15 and May 20, further diluting the signal.
Key Financial Metrics
Actionable Insight
The insider buying is too small to warrant a directional trade. Monitor the next 10-Q for loan loss trends and net interest margin — those are the real drivers for a small-cap bank like CZNC, not director purchases of a few thousand dollars.
Key Facts
- Three directors purchased a total of ~$26K in open-market shares from May 8-15, 2026.
- Director Terry L. Lehman accounted for ~$21K of the total (1,000 shares at $20.83).
- Total purchases represent ~0.007% of CZNC's $376M market cap — well below the 0.1% materiality threshold.
- A separate cluster of 20 'Other' transactions (likely dividend reinvestment or stock plan) occurred on May 15 and May 20, involving the CEO, CFO, and multiple EVPs, with no open-market sales.
- Historical calibration shows prior neutral reports on CZNC had a T+20 win rate of 33% and average alpha of -6.01%, suggesting limited edge from insider data at this bank.
Financial Impact
~$26K in open-market purchases, or 0.007% of market cap
Risk Factors
- Insider buying may be routine portfolio rebalancing, not a signal of undervaluation.
- The broader cluster of 'Other' transactions suggests insiders are accumulating shares via dividend reinvestment, not through conviction purchases.
- Historical calibration indicates prior CZNC insider reports have not predicted positive returns.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CZNC-1779395871412 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
6d ago
|
Insider Cluster
| $21.55 awaiting T+5 | awaiting T+5 | — | $22.06 (+2.37%) |
|
May 13, 2026
4w ago
|
Insider Cluster
| $20.75 $21.00 | ▲ +1.20% | ▲ +1.34% | $22.06 (+6.31%) |
|
May 13, 2026
4w ago
|
Insider Cluster
| $20.75 $21.00 | ▲ +1.20% | ▲ +1.34% | $22.06 (+6.31%) |
|
May 13, 2026
4w ago
|
Insider Cluster
| $20.75 $21.00 | ▲ +1.20% | ▲ +1.34% | $22.06 (+6.31%) |
|
May 13, 2026
4w ago
|
Insider Cluster
| $20.75 $21.00 | ▲ +1.20% | ▲ +1.34% | $22.06 (+6.31%) |
|
May 13, 2026
4w ago
|
Insider Cluster
| $20.75 $21.00 | ▲ +1.20% | ▲ +1.34% | $22.06 (+6.31%) |
|
May 11, 2026
4w ago
|
8-K
| $21.05 $20.61 | ▼ −2.09% | ▼ −2.00% | $22.06 (+4.80%) |
|
May 8, 2026
5w ago
|
Insider Cluster
| $21.63 $20.76 | ▼ −4.02% | ▼ −5.49% | $22.06 (+1.99%) |
|
May 8, 2026
5w ago
|
Insider Cluster
| $21.63 $20.76 | ▼ −4.02% | ▼ −5.49% | $22.06 (+1.99%) |
|
Apr 23, 2026
7w ago
|
8-K
| $22.71 $23.00 | ▲ +1.26% | ▼ −0.22% | $22.06 (−2.88%) |
US Market Status
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