Citizens Community Bancorp, Inc. to Issue Quarterly Dividend of $0.10 (NASDAQ:CZWI)

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 7th will be paid a dividend of 0.105 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 7th.

Citizens Community Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Citizens Community Bancorp has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Community Bancorp to earn $2.22 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 18.9%.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ CZWI opened at $21.92 on Wednesday. Citizens Community Bancorp has a 52-week low of $14.61 and a 52-week high of $24.42. The stock has a market cap of $211.31 million, a PE ratio of 16.73 and a beta of 0.51. The business has a fifty day moving average of $22.12 and a two-hundred day moving average of $20.35.

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

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.