Hsbc Holdings PLC Increases Stock Holdings in Citizens Community Bancorp, Inc. $CZWI

Hsbc Holdings PLC increased its stake in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 95.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 59,254 shares of the bank’s stock after acquiring an additional 28,933 shares during the period. Hsbc Holdings PLC owned approximately 0.62% of Citizens Community Bancorp worth $1,178,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Citizens Community Bancorp by 123.3% during the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock valued at $12,321,000 after purchasing an additional 381,805 shares during the period. Daytona Street Capital LLC purchased a new position in shares of Citizens Community Bancorp in the fourth quarter valued at $2,702,000. Geode Capital Management LLC grew its holdings 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 in the last quarter. UBS Group AG grew its holdings in Citizens Community Bancorp by 123.9% during the 4th quarter. UBS Group AG now owns 169,805 shares of the bank’s stock valued at $3,026,000 after purchasing an additional 93,952 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Citizens Community Bancorp during the 3rd quarter worth $427,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Price Performance

CZWI stock opened at $21.40 on Wednesday. Citizens Community Bancorp, Inc. has a 52-week low of $14.40 and a 52-week high of $24.42. The stock’s 50 day moving average is $21.97 and its two-hundred day moving average is $20.21. The company has a market capitalization of $206.38 million, a PE ratio of 16.34 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.80%. The business had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. As a group, sell-side analysts anticipate that Citizens Community Bancorp, Inc. will post 1.82 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.105 dividend. 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 is currently 32.06%.

Insider Transactions at Citizens Community Bancorp

In other Citizens Community Bancorp news, Director James D. Moll sold 2,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $20.58, for a total transaction of $41,160.00. Following the transaction, the director directly owned 33,463 shares in the company, valued at $688,668.54. This represents a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired 3,350 shares of company stock valued at $69,815 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CZWI. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $21.00 to $24.00 in a report on Friday, July 10th. Zacks Research upgraded Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. One equities research 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.com, the company has an average rating of “Buy” and a consensus target price of $24.00.

Citizens Community Bancorp 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.