Residents & Northern Corp director Katherine Shattuck buys $1,861 in inventory

Katherine W. Shattuck, a director at Residents & Northern Corp (NASDAQ:CZNC), lately acquired 91 shares of the corporate’s frequent inventory, in response to a Type 4 submitting with the Securities and Alternate Fee. The acquisition, which occurred on December 6, 2024, was executed at a median worth of $20.46 per share, amounting to a complete transaction worth of roughly $1,861. This transaction was performed below a pre-established buying and selling plan that grew to become efficient on Could 1, 2024. Following this transaction, Shattuck’s direct possession within the firm elevated to 7,718 shares. Buying and selling at a P/E ratio of 14.2, InvestingPro evaluation signifies the inventory is at the moment buying and selling close to its Honest Worth, with further insights and metrics out there to subscribers.

In different current information, Piper Sandler maintained its Impartial score on Residents & Northern, conserving the worth goal regular at $22.00. The agency’s evaluation means that the market has appropriately valued the corporate’s shares, with an anticipated upside of about 7% to the said goal. Moreover, Residents & Northern’s inventory is projected to commerce at roughly 12 instances its estimated 2025 earnings per share (EPS) of $1.83, a valuation consistent with market multiples of comparable firms.

Piper Sandler’s methodology for the 12-month worth goal anticipates that Residents & Northern’s shares will commerce at about 145% of its tangible e book worth per share (TBVPS) inside a yr. This projection relies on the agency’s analysis of the corporate’s financials and market comparisons. The agency’s stance signifies that the present valuation relative to its friends has been a key consider sustaining the Impartial score. These are current developments within the firm’s monetary place and market efficiency.

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