Citizens & Northern Corp (NASDAQ:CZNC)

CAPS Rating: No stars

The Company provides a full range of banking and mortgage services to individual and corporate customers in Northcentral Pennsylvania and Southern New York State.

Recs

1
Player Avatar fmahnke (91.34) Submitted: 10/12/2009 8:17:42 PM : Outperform Start Price: $13.31 CZNC Score: -25.66

Not sure why this stock has been hammerred so badly. Has great tangible common equity, low non-performing loans, seems adequately reserved and a low percentage of commerical real estate. I believe the recent shelf filing could provide for acquistions opportunities but these folks don;t get alot a press coverage, What is clear is if you compare the chart to a similiar bank I follow FMER, you'll see a huge divergence that I think will ultimately be converge.

Member Avatar stockfreak1 (< 20) Submitted: 10/17/2009 1:02:42 AM
Recs: 0

I thought so too, but the debt looks more concerning at a second glance. With only 9 million shares and 200 million of debt I imagine shareholders are getting spooked of a possible dilution coming. I think I made a mistake on the upthumb here.

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