Citizens Community Bancorp (NASDAQ:CZWI) Issues Quarterly Earnings Results

Citizens Community Bancorp (NASDAQ:CZWI) issued its quarterly earnings data on Monday. The bank reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07, FiscalAI reports. The business had revenue of $15.56 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 7.86% and a net margin of 14.60%.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ:CZWI opened at $18.05 on Wednesday. The firm’s 50 day simple moving average is $17.86 and its 200-day simple moving average is $16.56. Citizens Community Bancorp has a one year low of $12.69 and a one year high of $18.99. The firm has a market cap of $174.36 million, a PE ratio of 12.36 and a beta of 0.65.

Citizens Community Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.3%. Citizens Community Bancorp’s dividend payout ratio (DPR) is 27.91%.

Institutional Investors Weigh In On Citizens Community Bancorp

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Citizens Community Bancorp by 0.6% during the third quarter. Vanguard Group Inc. now owns 559,094 shares of the bank’s stock valued at $8,985,000 after buying an additional 3,320 shares during the period. Dimensional Fund Advisors LP grew its holdings in Citizens Community Bancorp by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 329,168 shares of the bank’s stock worth $5,290,000 after acquiring an additional 6,388 shares in the last quarter. Geode Capital Management LLC increased its position in Citizens Community Bancorp by 116.2% during the 2nd 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. UBS Group AG raised its holdings in shares of Citizens Community Bancorp by 408.9% in the 3rd quarter. UBS Group AG now owns 75,853 shares of the bank’s stock valued at $1,219,000 after purchasing an additional 60,949 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Citizens Community Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after purchasing an additional 2,041 shares in the last quarter. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Citizens Community Bancorp in a research report on Wednesday, January 21st. Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Citizens Community Bancorp presently has an average rating of “Hold”.

Citizens Community Bancorp Company Profile

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.