Key Points
- Director Francis Felber purchased 500 Citizens Community Bancorp shares at an average price of $20.25, investing $10,125 and increasing his direct ownership by 1.98% to 25,795 shares.
- Citizens Community Bancorp’s latest quarterly results fell short of expectations, with earnings per share of $0.11 versus the $0.41 consensus estimate and revenue of $16.11 million versus $16.30 million expected.
- The company announced a quarterly dividend of $0.105 per share, equivalent to an annualized $0.42 payout and a 2.1% yield. Analysts broadly rate the stock “Hold,” with a consensus price target of $23.50.
Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Francis Felber acquired 500 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $20.25 per share, with a total value of $10,125.00. Following the transaction, the director directly owned 25,795 shares in the company, valued at approximately $522,348.75. This represents a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Citizens Community Bancorp Price Performance
Shares of NASDAQ:CZWI opened at $20.37 on Tuesday. The business's 50-day moving average is $22.18 and its 200 day moving average is $20.43. Citizens Community Bancorp, Inc. has a 1 year low of $14.61 and a 1 year high of $24.42. The firm has a market capitalization of $196.37 million, a P/E ratio of 15.55 and a beta of 0.51.
Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%.The business had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. On average, analysts expect that Citizens Community Bancorp, Inc. will post 1.82 EPS for the current year.
Citizens Community Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.105 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.42 dividend on an annualized basis and a yield of 2.1%. Citizens Community Bancorp's dividend payout ratio (DPR) is 32.06%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CZWI. Rhino Investment Partners Inc purchased a new position in Citizens Community Bancorp during the first quarter worth approximately $3,214,000. Hsbc Holdings PLC raised its stake in shares of Citizens Community Bancorp by 95.4% during the 1st quarter. Hsbc Holdings PLC now owns 59,254 shares of the bank's stock worth $1,178,000 after buying an additional 28,933 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Citizens Community Bancorp by 22.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 147,560 shares of the bank's stock worth $2,922,000 after buying an additional 26,688 shares during the period. UBS Group AG lifted its position in shares of Citizens Community Bancorp by 123.9% during the 4th quarter. UBS Group AG now owns 169,805 shares of the bank's stock valued at $3,026,000 after buying an additional 93,952 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Citizens Community Bancorp by 6.2% during the 1st quarter. Empowered Funds LLC now owns 68,613 shares of the bank's stock valued at $1,359,000 after buying an additional 4,028 shares in the last quarter. Institutional investors and hedge funds own 55.11% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CZWI shares. Citigroup lowered shares of Citizens Community Bancorp to a "neutral" rating in a research note on Friday. Zacks Research lowered shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Brean Capital downgraded Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 target price on the stock. in a research report on Friday. Weiss Ratings upgraded Citizens Community Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday. Finally, Hovde Group downgraded Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Friday, July 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.50.
Get Our Latest Analysis on CZWI
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.
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