Citizens & Northern Corporation (Nasdaq:CZNC) is the bank holding company for Citizens & Northern Bank who provides a range of banking and mortgage services to individual and corporate customers. On the books, it holds USD 2.5 billion is assets across 37 locations.
Comps: ACNB Corporation (Nasdaq:ACNB), Farmers National Banc Corp. (Nasdaq:FMNB)
When looking to compare, we must first note that Farmers National Banc Corp.’s market capitalization is near USD 600 million, while Citizens & Northern Corporation’s and ACNB Corporation’s are less than USD 350 million. With that being said, it shows an impressive yield compared to both comparable corporations. Ultimately, yes, the value in the stock rests on the 5% return of their yield.