Residents & Northern Corp director Pellegrino buys $4,664 in inventory

Frank G. Pellegrino, a director at Residents & Northern Corp (NASDAQ:CZNC), just lately acquired 228 shares of the corporate’s frequent inventory, based on a latest SEC submitting. The shares have been bought at a mean worth of $20.4587 every, totaling roughly $4,664. This transaction was executed underneath a pre-established buying and selling plan that turned efficient on Could 1, 2024. Following this transaction, Pellegrino now instantly owns 40,706 shares of the financial institution holding firm. The inventory, which at present gives a 5.47% dividend yield, is buying and selling close to its 52-week low of $16.50 and seems barely undervalued based on InvestingPro Honest Worth evaluation. Uncover extra insights and unique monetary metrics with InvestingPro.

In different latest information, Residents & Northern has maintained its Impartial score by Piper Sandler, with a gradual worth goal of $22.00. This score means that the corporate’s shares are appropriately valued, with a possible upside of round 7% to the goal. The funding agency’s evaluation tasks Residents & Northern’s inventory to commerce at about 12 instances its estimated 2025 earnings per share (EPS) of $1.83, a valuation according to comparable market multiples of friends.

Piper Sandler’s methodology for the 12-month worth goal expects Residents & Northern’s shares to commerce at roughly 145% of its tangible ebook worth per share inside a yr. The agency’s stance displays that there’s at present no compelling motive to regulate the score or worth goal based mostly on the corporate’s monetary metrics and market efficiency. These are the latest developments which are shaping the corporate’s monetary trajectory.

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