Citizens Community Bancorp (NASDAQ:CZWI) Director Francis Felber Buys 500 Shares of Stock

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Francis Felber acquired 500 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $20.25 per share, with a total value of $10,125.00. Following the completion of the purchase, the director owned 25,795 shares of the company’s stock, valued at approximately $522,348.75. The trade was a 1.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Citizens Community Bancorp Price Performance

Shares of CZWI stock traded down $0.54 during trading hours on Monday, reaching $20.37. The company had a trading volume of 49,204 shares, compared to its average volume of 60,353. The company has a market cap of $196.45 million, a price-to-earnings ratio of 15.55 and a beta of 0.51. Citizens Community Bancorp, Inc. has a 12 month low of $14.61 and a 12 month high of $24.42. The business has a fifty day simple moving average of $22.17 and a 200-day simple moving average of $20.41.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. On average, equities research analysts expect that Citizens Community Bancorp, Inc. will post 1.82 earnings per share for the current year.

Citizens Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 7th. Citizens Community Bancorp’s payout ratio is currently 32.06%.

Analysts Set New Price Targets

Several analysts have recently commented on CZWI shares. Zacks Research downgraded shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Brean Capital cut shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a report on Friday. Weiss Ratings raised shares of Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Citigroup lowered shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday. Finally, Hovde Group cut shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $21.00 to $24.00 in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.50.

Institutional Investors Weigh In On Citizens Community Bancorp

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth $14,797,000. Deutsche Bank AG purchased a new stake in Citizens Community Bancorp during the second quarter worth about $187,000. Bank of New York Mellon Corp purchased a new stake in Citizens Community Bancorp during the second quarter worth about $755,000. Bank of America Corp DE raised its position in Citizens Community Bancorp by 12.2% in the first quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock worth $271,000 after acquiring an additional 1,494 shares during the period. Finally, Rhino Investment Partners Inc bought a new stake in Citizens Community Bancorp in the first quarter worth about $3,214,000. 55.11% of the stock is owned by hedge funds and other institutional investors.

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.