Key Points
- Director Kathleen Skarvan bought 750 shares of Citizens Community Bancorp at $21.16 each, spending $15,870 and increasing her ownership by 57.69% to 2,050 shares.
- The company recently posted better-than-expected quarterly results, reporting EPS of $0.39 versus the $0.36 estimate and revenue of $16.11 million versus $15.70 million expected.
- Citizens Community Bancorp also announced a quarterly dividend of $0.105 per share, implying a 2.0% annualized yield, while analysts currently hold a Moderate Buy consensus rating on the stock.
Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Kathleen Skarvan acquired 750 shares of the business's stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $21.16 per share, for a total transaction of $15,870.00. Following the acquisition, the director directly owned 2,050 shares in the company, valued at $43,378. This represents a 57.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Citizens Community Bancorp Price Performance
Shares of CZWI stock opened at $21.08 on Tuesday. Citizens Community Bancorp, Inc. has a 12 month low of $12.83 and a 12 month high of $22.62. The firm has a market capitalization of $203.21 million, a P/E ratio of 13.78 and a beta of 0.54. The company's fifty day moving average price is $19.71 and its two-hundred day moving average price is $18.36.
Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The bank reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.00%. The firm had revenue of $16.11 million for the quarter, compared to analyst estimates of $15.70 million. On average, sell-side analysts anticipate that Citizens Community Bancorp, Inc. will post 1.81 EPS for the current year.
Citizens Community Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 8th. Citizens Community Bancorp's dividend payout ratio is 27.45%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Citizens Community Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
View Our Latest Report on Citizens Community Bancorp
Institutional Investors Weigh In On Citizens Community Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Citizens Community Bancorp by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank's stock worth $6,865,000 after acquiring an additional 10,515 shares during the period. RFG Bristol Wealth Advisors LLC raised its stake in Citizens Community Bancorp by 11.5% during the first quarter. RFG Bristol Wealth Advisors LLC now owns 103,682 shares of the bank's stock worth $2,053,000 after acquiring an additional 10,732 shares during the period. Hsbc Holdings PLC raised its stake in Citizens Community Bancorp by 95.4% during the first quarter. Hsbc Holdings PLC now owns 59,254 shares of the bank's stock worth $1,178,000 after acquiring an additional 28,933 shares during the period. Ritholtz Wealth Management raised its stake in Citizens Community Bancorp by 38.3% during the first quarter. Ritholtz Wealth Management now owns 47,190 shares of the bank's stock worth $934,000 after acquiring an additional 13,072 shares during the period. Finally, Wellington Management Group LLP raised its stake in Citizens Community Bancorp by 123.3% during the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank's stock worth $12,321,000 after acquiring an additional 381,805 shares during the period. Institutional investors and hedge funds 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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