Key Points
- Citizens Community Bancorp director Francis Felber bought 500 shares at $20.60 each, increasing his direct ownership by 2.39% to 21,450 shares.
- The bank beat quarterly earnings expectations, reporting EPS of $0.39 versus $0.36 expected and revenue of $16.11 million versus $15.70 million estimated.
- The company recently declared a quarterly dividend of $0.105 per share, which annualizes to $0.42 and yields about 2.0%.
Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Francis Felber bought 500 shares of the firm's stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $20.60 per share, with a total value of $10,300.00. Following the transaction, the director directly owned 21,450 shares of the company's stock, valued at approximately $441,870. This trade represents a 2.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Citizens Community Bancorp Stock Down 0.3%
Shares of Citizens Community Bancorp stock opened at $20.51 on Tuesday. The stock has a market capitalization of $197.72 million, a P/E ratio of 13.41 and a beta of 0.54. The stock has a 50 day moving average price of $20.01 and a two-hundred day moving average price of $18.54. Citizens Community Bancorp, Inc. has a 12-month low of $12.83 and a 12-month high of $22.62.
Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its earnings results on Monday, April 27th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The firm had revenue of $16.11 million during the quarter, compared to analysts' expectations of $15.70 million. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%. Sell-side analysts anticipate that Citizens Community Bancorp, Inc. will post 1.81 earnings per share for the current year.
Citizens Community Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, May 8th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. Citizens Community Bancorp's payout ratio is 27.45%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CZWI. Goldman Sachs Group Inc. raised its stake in shares of Citizens Community Bancorp by 59.2% in the first quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank's stock valued at $602,000 after purchasing an additional 15,582 shares in the last quarter. Empowered Funds LLC raised its stake in Citizens Community Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank's stock worth $883,000 after acquiring an additional 2,041 shares in the last quarter. Jane Street Group LLC raised its stake in Citizens Community Bancorp by 108.2% during the first quarter. Jane Street Group LLC now owns 41,813 shares of the bank's stock worth $601,000 after acquiring an additional 21,726 shares in the last quarter. Geode Capital Management LLC raised its stake in Citizens Community Bancorp by 116.2% during the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank's stock worth $2,958,000 after acquiring an additional 115,171 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Citizens Community Bancorp during the second quarter worth $63,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Citizens Community Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".
Get Our Latest Analysis on CZWI
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.
Further Reading
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