Citizens Community Bancorp (NASDAQ:CZWI) Announces Earnings Results

Citizens Community Bancorp (NASDAQ:CZWI) released its quarterly earnings results on Monday. The bank reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30), FiscalAI reports. Citizens Community Bancorp had a return on equity of 6.80% and a net margin of 12.94%.The company had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $16.30 million.

Citizens Community Bancorp Price Performance

Shares of NASDAQ:CZWI opened at $21.40 on Wednesday. The company has a market cap of $206.38 million, a P/E ratio of 16.34 and a beta of 0.50. Citizens Community Bancorp has a 52 week low of $14.40 and a 52 week high of $24.42. The business has a fifty day simple moving average of $21.97 and a 200-day simple moving average of $20.21.

Citizens Community Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, August 7th. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio (DPR) is 32.06%.

Insiders Place Their Bets

In other Citizens Community Bancorp news, Director James D. Moll sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $21.00, for a total value of $63,000.00. Following the sale, the director directly owned 35,463 shares of the company’s stock, valued at approximately $744,723. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 3,350 shares of company stock worth $69,815 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Citizens Community Bancorp

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in Citizens Community Bancorp by 37.5% during the third quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank’s stock worth $45,000 after purchasing an additional 768 shares during the last quarter. Barclays PLC raised its stake in Citizens Community Bancorp by 3.7% during the fourth quarter. Barclays PLC now owns 37,077 shares of the bank’s stock worth $661,000 after purchasing an additional 1,323 shares during the period. Empowered Funds LLC boosted its holdings in shares of Citizens Community Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after purchasing an additional 2,041 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Citizens Community Bancorp by 5.8% in the 4th quarter. Renaissance Technologies LLC now owns 44,100 shares of the bank’s stock valued at $786,000 after purchasing an additional 2,400 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Citizens Community Bancorp by 58.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,210 shares of the bank’s stock valued at $116,000 after purchasing an additional 2,659 shares during the last quarter. 55.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on CZWI shares. Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Zacks Research raised shares of Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Community Bancorp presently has a consensus rating of “Buy” and an average price target 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.