Citizens & Northern Corp (CZNC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Citizens & Northern Corp $15.86, price $25.48, upside -37.8%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Citizens & Northern Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $14.36 – $26.13 · fair‑value band $12.89 – $21.48 · the $25.48 price screens above the $15.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Citizens & Northern in your weekly email
Every Wednesday you see whether Citizens & Northern is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.
Show more
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. The company's deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; debit cards; lending products, such as commercial, mortgage, and consumer loans; and commercial letters-of-credit and lines of credit. It also offers wealth management services, including 401(k) plans, retirement planning, estate planning and settlements, and asset management; insurance products to individuals and businesses, and through a broker-dealer arrangement; and mutual funds, annuities, educational savings accounts, and other investment products through registered agents, as well as reinsures credit and mortgage life and accident and health insurance. The company operates in Northcentral Pennsylvania, the Southern tier of New York State, Southeastern Pennsylvania, and Southcentral Pennsylvania. Citizens & Northern Corporation was founded in 1864 and is headquartered in Wellsboro, Pennsylvania.
Stock analysis
Citizens & Northern Corp (CZNC) currently trades at $25.48, while our model-based Fair Value estimate is $15.86, implying the stock looks roughly 60.7% overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $17.00 per share, and 0 of the 6 models we run sit above the $25.48 price.
Bear case: the Dividend Discount group reads lowest at $10.78, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $12.89 (bear) to $21.48 (bull), the price of $25.48 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Citizens & Northern Corp reported revenue of $154M in FY2025 versus $109M in FY2021, a compound +9.1%/yr. Reported net income was $23.4M in FY2025, compounding −6.4%/yr from FY2021.
Key figures
Market cap $406M · P/E ratio 23.8 · P/S ratio 3.62 · EPS (TTM) $1.07 · Dividend yield 4.4% · Net margin 15.2% · Return on equity 5.6% · Return on assets (EBIT) 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −38%, CZNC screens richer than that median.
Fair Value models
Bear $12.89Fair Value $15.86Bull $21.48
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 31 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)4.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0% vs 1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 19%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −7.8% a year for the price.
Compare Citizens & Northern Corp with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1076 stocks
Beats the industry median on 2/15 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−37% · Bottom 25%
Profitability
Return on equity (TTM)6% · Bottom 25%
Return on assets1% · Below median
Net margin (TTM)15% · Bottom 25%
Operating margin (TTM)1% · Bottom 25%
Growth and dividend
Revenue growth−14% · Bottom 25%
Dividend yield (TTM)4.4% · Top 25%
Balance sheet
Debt / equity0.47× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)23.8× · Priciest 25%
P/B1.18× · Pricier than median
P/S (TTM)3.56× · Pricier than median
P/FCF13.4× · Pricier than median
EV/EBITDA16.7× · Priciest 25%
PEG1.21× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 45
PAST (return on equity)23· sector 41
HEALTH (low debt)76· sector 85
DIVIDEND (yield)88· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Citizens & Northern Corp (CZNC) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $15.86 versus a price of $25.48, about −38% upside (overvalued).
What is the fair value of CZNC?
Our model-based fair value for Citizens & Northern Corp is $15.86 (as of Sep 23, 2026), built from audited fundamentals. The current price: $25.48.
What is the quality score of CZNC?
Citizens & Northern Corp has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Citizens & Northern Corp (CZNC)?
Our model-based price target is the fair value of $15.86 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario $12.89, optimistic scenario $21.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Citizens & Northern Corp stock forecast for 2026?
Our models put fair value at $15.86, about −38% upside versus a price of $25.48 (overvalued). Cautious scenario $12.89, optimistic scenario $21.48. The calculation is refreshed regularly with new filings.
What is the revenue of Citizens & Northern Corp (CZNC)?
Citizens & Northern Corp reported trailing-twelve-month revenue of about $113M (latest available figure, as of Sep 23, 2026).
Does Citizens & Northern Corp pay a dividend?
Citizens & Northern Corp currently shows a dividend yield of about 4.40% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Citizens & Northern Corp (CZNC)?
For today's price to be fair in a discounted-cash-flow model, Citizens & Northern Corp would have to grow free cash flow by -5.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of CZNC use?
Our models discount Citizens & Northern Corp at 9.8 %: a base by market capitalisation (small), damped by beta 0.42, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Citizens & Northern Corp that is -5.6 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Citizens & Northern Corp (CZNC) delivered so far?
Over the past 5 years revenue at Citizens & Northern Corp grew +9.0 % a year. The price currently implies -5.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Citizens & Northern Corp (CZNC) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Citizens & Northern Corp (-5.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Citizens & Northern Corp (CZNC)?
The free-cash-flow yield on the price is 7.41 %: that much free cash flow Citizens & Northern Corp produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Citizens & Northern Corp (CZNC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Citizens & Northern Corp it is $15.86 per share (as of Sep 23, 2026), against a price of $25.48. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Citizens & Northern Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CZNC trades above its calculated fair value: price $25.48, fair value $15.86, a gap of about −38% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CZNC?
No. The price is what the market pays today ($25.48); the fair value is what the company's own numbers justify ($15.86). For Citizens & Northern Corp the two are $9.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Citizens & Northern Corp worth?
The market values Citizens & Northern Corp at about $406M (market capitalisation, as of Sep 23, 2026). Per share that is $25.48; our models calculate a fair value of $15.86 per share.
What do the bullish and bearish scenarios say about CZNC?
Our models span a range for Citizens & Northern Corp: cautious scenario $12.89, base $15.86, optimistic $21.48 per share (as of Sep 23, 2026, price $25.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CZNC?
Citizens & Northern Corp trades at a price-to-earnings ratio of 23.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $15.86 is built from several models across several years. Other multiples: PEG 1.2, P/B 1.2, P/S 3.6, EV/EBITDA 16.7.
What is the PEG ratio of CZNC?
The PEG ratio of Citizens & Northern Corp is 1.21 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Citizens & Northern Corp (CZNC)?
Balance-sheet figures for Citizens & Northern Corp (as of Sep 23, 2026): return on equity 5.6%, debt of 0.47 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is CZNC from its 52-week high?
Citizens & Northern Corp trades at $25.48, about 2% below its 52-week high of $26.13 and 39% above the low of $18.27 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $15.86 is for.
Which stocks are comparable to Citizens & Northern Corp?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Citizens & Northern Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $25.48, calculated fair value $15.86 (−38%), Quality Score 44/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CZNC calculated?
We run Citizens & Northern Corp through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $15.86, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Citizens & Northern Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Citizens & Northern Corp (CZNC)?
The closing price on Sep 24, 2026 was $25.48. Our model-based fair value is $15.86, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Citizens & Northern Corp right now?
The price sits above even our optimistic bull case ($21.48). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Citizens & Northern Corp (CZNC) come from?
Earnings per share at Citizens & Northern Corp grew +1.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.5 %, EBIT margin −6.1 %, tax rate +0.8 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Citizens & Northern Corp
How large is the market capitalisation of Citizens & Northern Corp (CZNC)?
The market capitalisation of Citizens & Northern Corp is $406M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Citizens & Northern Corp (CZNC)?
The price-to-sales ratio of Citizens & Northern Corp is 3.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Citizens & Northern Corp (CZNC)?
Earnings per share at Citizens & Northern Corp are $1.07 (price ÷ EPS = P/E 23.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Citizens & Northern Corp (CZNC)?
The dividend yield of Citizens & Northern Corp is 4.4% (payout 105%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Citizens & Northern Corp (CZNC)?
The net margin of Citizens & Northern Corp is 15.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Citizens & Northern Corp (CZNC)?
The return on equity (ROE) of Citizens & Northern Corp is 5.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Citizens & Northern Corp (CZNC)?
On an EBIT basis the return on assets of Citizens & Northern Corp is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Citizens & Northern Corp (CZNC)?
The operating margin of Citizens & Northern Corp is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Citizens & Northern Corp (CZNC)?
Revenue at Citizens & Northern Corp is growing −13.8% versus a year earlier (3y avg +10.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Citizens & Northern Corp (CZNC)?
Earnings per share at Citizens & Northern Corp are growing −96.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Citizens & Northern Corp (CZNC) carry?
The net debt of Citizens & Northern Corp is $147M (fiscal year 2025, ≈ 4.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Citizens & Northern Corp in the live analysis
One click puts Citizens & Northern Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 23, 2026