Citizens Community Bancorp, Inc. (CZWI) to Issue Quarterly Dividend of $0.11 on February 20th

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 6th will be given a dividend of 0.105 per share by the bank on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, February 6th.

Citizens Community Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Citizens Community Bancorp has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Community Bancorp to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 26.2%.

Citizens Community Bancorp Stock Up 2.1%

NASDAQ:CZWI traded up $0.40 on Wednesday, reaching $18.93. 27,288 shares of the company’s stock traded hands, compared to its average volume of 54,844. The stock has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $16.67. Citizens Community Bancorp has a 12 month low of $12.69 and a 12 month high of $19.09. The firm has a market cap of $182.82 million, a PE ratio of 12.96 and a beta of 0.66.

Citizens Community Bancorp (NASDAQ:CZWI) last released its earnings results on Monday, January 26th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.07. Citizens Community Bancorp had a return on equity of 7.86% and a net margin of 14.60%.The firm had revenue of $15.56 million during the quarter, compared to analysts’ expectations of $16.30 million. On average, equities analysts anticipate that Citizens Community Bancorp will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CZWI shares. Weiss Ratings restated a “hold (c)” rating on shares of Citizens Community Bancorp in a research report on Wednesday, January 21st. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus 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.