Key Points
- Director James Moll sold 3,000 shares of Citizens Community Bancorp (NASDAQ:CZWI) on May 14 at an average price of $21.00, totaling $63,000. After the sale, he still held 35,463 shares, a 7.8% reduction in ownership.
- The company recently beat earnings expectations, reporting Q1 EPS of $0.39 versus the $0.36 consensus estimate, with revenue of $16.11 million also topping forecasts.
- Citizens Community Bancorp continues paying a dividend, declaring a quarterly payout of $0.105 per share, or $0.42 annually, for a yield of about 2.0%.
Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director James Moll sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $21.00, for a total value of $63,000.00. Following the completion of the transaction, the director owned 35,463 shares in the company, valued at $744,723. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Citizens Community Bancorp Stock Performance
CZWI opened at $20.58 on Friday. Citizens Community Bancorp, Inc. has a one year low of $12.83 and a one year high of $22.62. The stock has a market capitalization of $198.39 million, a PE ratio of 13.45 and a beta of 0.54. The business's 50 day moving average price is $19.95 and its 200 day moving average price is $18.49.
Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The bank reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%.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 1.81 earnings per share for the current fiscal year.
Citizens Community Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors 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 dividend on an annualized basis and a yield of 2.0%. Citizens Community Bancorp's dividend payout ratio is currently 27.45%.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Citizens Community Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Report on Citizens Community Bancorp
Institutional Trading of Citizens Community Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Citizens Community Bancorp by 123.3% in the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank's stock valued at $12,321,000 after purchasing an additional 381,805 shares during the period. Vanguard Group Inc. raised its position in Citizens Community Bancorp by 0.6% in the third quarter. Vanguard Group Inc. now owns 559,094 shares of the bank's stock valued at $8,985,000 after purchasing an additional 3,320 shares during the period. Dimensional Fund Advisors LP raised its position in Citizens Community Bancorp by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank's stock valued at $6,865,000 after purchasing an additional 10,515 shares during the period. Geode Capital Management LLC raised its position in Citizens Community Bancorp by 116.2% in the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank's stock valued at $2,958,000 after purchasing an additional 115,171 shares during the period. Finally, UBS Group AG raised its position in Citizens Community Bancorp by 123.9% in the fourth quarter. UBS Group AG now owns 169,805 shares of the bank's stock valued at $3,026,000 after purchasing an additional 93,952 shares during the period. Hedge funds and other institutional investors own 55.11% of the company's stock.
About Citizens Community Bancorp
(
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.
Further Reading
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