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

Citizens Community Bancorp (NASDAQ:CZWI) issued its quarterly earnings data on Monday. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30), FiscalAI reports. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%.The company had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.30 million.

Citizens Community Bancorp Trading Down 9.2%

Shares of Citizens Community Bancorp stock opened at $21.40 on Tuesday. Citizens Community Bancorp has a 12 month low of $14.40 and a 12 month high of $24.42. The firm has a market capitalization of $206.30 million, a P/E ratio of 13.99 and a beta of 0.50. The business has a fifty day simple moving average of $21.95 and a two-hundred day simple moving average of $20.19.

Citizens Community Bancorp Announces Dividend

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 given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.42 annualized dividend and a yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio (DPR) is currently 27.45%.

Insider Buying and Selling at Citizens Community Bancorp

In other news, Director James D. Moll sold 2,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $20.58, for a total value of $41,160.00. Following the sale, the director directly owned 33,463 shares of the company’s stock, valued at $688,668.54. This represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have bought 3,350 shares of company stock valued at $69,815. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Citizens Community Bancorp by 123.3% in the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock worth $12,321,000 after purchasing an additional 381,805 shares during the period. AQR Capital Management LLC increased its stake in shares of Citizens Community Bancorp by 35.5% during the fourth quarter. AQR Capital Management LLC now owns 19,022 shares of the bank’s stock valued at $339,000 after purchasing an additional 4,987 shares in the last quarter. Barclays PLC lifted its holdings in shares of Citizens Community Bancorp by 3.7% during the fourth quarter. Barclays PLC now owns 37,077 shares of the bank’s stock valued at $661,000 after purchasing an additional 1,323 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Citizens Community Bancorp by 18.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,202 shares of the bank’s stock valued at $574,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Citizens Community Bancorp by 44.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,632 shares of the bank’s stock worth $189,000 after purchasing an additional 3,273 shares in the last quarter. 55.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CZWI. Weiss Ratings cut shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

About Citizens Community Bancorp

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.