Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Declares Quarterly Dividend of $0.11

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) announced a quarterly dividend on Friday, April 24th. Investors of record on Friday, May 8th will be given a dividend of 0.105 per share by the bank on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 8th.

Citizens Community Bancorp has raised its dividend payment 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 dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens Community Bancorp to earn $2.10 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 20.0%.

Citizens Community Bancorp Stock Up 1.3%

Citizens Community Bancorp stock opened at $21.14 on Wednesday. The company has a market cap of $203.58 million, a price-to-earnings ratio of 13.82 and a beta of 0.54. The firm’s fifty day moving average is $19.46 and its 200 day moving average is $18.20. Citizens Community Bancorp has a 52-week low of $12.83 and a 52-week high of $22.62.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.05%. The company had revenue of $16.11 million for the quarter, compared to the consensus estimate of $15.70 million. On average, equities research analysts anticipate that Citizens Community Bancorp will post 1.75 earnings per share for the current fiscal year.

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.