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Citizens & Northern Corporation (CZNC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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25.65+0.93 (+3.76%)
At close: 4:00PM EDT
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  • K
    Kyle
    There was no clarification in the annual report about the large loss mentioned in 1/4ly report, beyond saying it was a single large transaction. Any reason I should not go over the state line to Elmira? Personally, I kind of like CZNC .
  • M
    Mike
    Headed to $30
    Bullish
  • K
    Kyle
    Latest 1/4ly mailing speaks of a large problem loan. Who is debtor? Who okayed loan? Is problem caused by something other than CoVid and ancillary matters? [Ancillary referring to and including business mismanagement?] Will we ever find out? [Refer to oversight of FULT several years ago.]
  • C
    Chi
    $CZNC Lehman Terry L, Director of CITIZENS & NORTHERN CORP bought 3000 shares on 2020-06-17. https://formwhispers.com/s?t=CZNC
    FormWhispers - Trading Ideas from Insiders CITIZENS & NORTHERN CORP CZNC.
    FormWhispers - Trading Ideas from Insiders CITIZENS & NORTHERN CORP CZNC.
    formwhispers.com
  • B
    Brer
    C&N is rather “thin” on loan loss reserves...less than 1.0%. Loan losses are going to become a Big Problem for community banks next year (2021) when all of this massive government stimulus finally fades. C&N needs to rigorously fortify it’s ALLL, to prepare for near certain loan impairments. The loan loss avalanche has not begun yet, but it’s coming. Time to prepare is now!
    Neutral
  • M
    Mike
    I agree with Guy
  • g
    guy
    CZNC and NWFL should merge. Both are good small banks in close proximity to each other , yet, have little competition with one another. Economies of scale would make the combined entity a formidable regional bank.
  • K
    Kyle
    This 1/4 ly makes no mention of aforesaid bad loan.