Key Points
- Director Michael Conner bought 1,100 shares of Citizens Community Bancorp at $20.95 on April 30 (total $23,045), bringing his direct stake to 15,986 shares — a 7.39% increase valued at about $334,907.
- The bank reported Q1 EPS of $0.39 versus $0.36 expected and revenue of $16.11M versus $15.70M, and recently announced a $0.105 quarterly dividend (ex-dividend May 8, payable May 22) for a $0.42 annualized payout (~2.0% yield).
- Analyst sentiment is mixed but improving: Weiss Ratings upgraded the stock to a "buy" (b-), and the consensus from MarketBeat shows an average rating of "Moderate Buy."
Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Michael Conner purchased 1,100 shares of Citizens Community Bancorp stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $20.95 per share, for a total transaction of $23,045.00. Following the completion of the transaction, the director directly owned 15,986 shares of the company's stock, valued at approximately $334,906.70. The trade was a 7.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Citizens Community Bancorp Stock Performance
Shares of Citizens Community Bancorp stock opened at $20.86 on Tuesday. Citizens Community Bancorp, Inc. has a 52-week low of $12.83 and a 52-week high of $22.62. The stock has a market capitalization of $200.88 million, a price-to-earnings ratio of 13.63 and a beta of 0.54. The company's 50 day moving average price is $19.40 and its 200-day moving average price is $18.16.
Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last issued its earnings results on Monday, April 27th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.05%. The firm had revenue of $16.11 million for the quarter, compared to analysts' expectations of $15.70 million. As a group, equities research analysts forecast that Citizens Community Bancorp, Inc. will post 1.75 earnings per share for the current fiscal year.
Citizens Community Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.105 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp's dividend payout ratio (DPR) is currently 27.45%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Citizens Community Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Citizens Community Bancorp currently has an average rating of "Moderate Buy".
Check Out Our Latest Report on Citizens Community Bancorp
Hedge Funds Weigh In On Citizens Community Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daytona Street Capital LLC purchased a new position in Citizens Community Bancorp during the fourth quarter valued at $2,702,000. GSA Capital Partners LLP lifted its position in Citizens Community Bancorp by 40.9% during the third quarter. GSA Capital Partners LLP now owns 24,054 shares of the bank's stock valued at $387,000 after buying an additional 6,985 shares during the period. JPMorgan Chase & Co. purchased a new position in Citizens Community Bancorp during the second quarter valued at $63,000. Bank of America Corp DE lifted its position in Citizens Community Bancorp by 5,348.0% during the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock valued at $56,000 after buying an additional 4,011 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Citizens Community Bancorp by 37.5% during the third quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank's stock valued at $45,000 after buying an additional 768 shares during the period. Hedge funds and other institutional investors own 55.11% of the company's stock.
Citizens Community Bancorp Company Profile
(
Get Free Report)
Citizens Community Bancorp, Inc is a bank holding company headquartered in Columbia Station, Ohio. Its primary subsidiary, Citizens Community Savings Bank, offers a range of community banking services to individuals and businesses. The company operates through a network of branch offices in Lorain and Medina counties and surrounding communities, providing personalized financial solutions with a focus on local relationships and customer service.
The bank's deposit products include checking and savings accounts, money market accounts and certificates of deposit, while its lending portfolio features residential mortgage loans, home equity lines of credit, commercial real estate loans, and small-business financing.
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