Michael Conner Acquires 1,100 Shares of Citizens Community Bancorp (NASDAQ:CZWI) Stock

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Michael Conner purchased 1,100 shares of Citizens Community Bancorp stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $20.95 per share, with a total value of $23,045.00. Following the transaction, the director directly owned 15,986 shares in the company, valued at $334,906.70. This trade represents a 7.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Citizens Community Bancorp Price Performance

Shares of CZWI traded up $0.01 during midday trading on Monday, reaching $20.86. The stock had a trading volume of 28,194 shares, compared to its average volume of 49,957. Citizens Community Bancorp, Inc. has a 52 week low of $12.83 and a 52 week high of $22.62. The firm’s 50 day moving average price is $19.40 and its 200-day moving average price is $18.16. The company has a market capitalization of $200.86 million, a P/E ratio of 13.63 and a beta of 0.54.

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

Citizens Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 8th. Citizens Community Bancorp’s payout ratio is currently 27.45%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Citizens Community Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Citizens Community Bancorp currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of CZWI. Wellington Management Group LLP raised its position 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 worth $12,321,000 after purchasing an additional 381,805 shares during the period. Daytona Street Capital LLC acquired a new stake in shares of Citizens Community Bancorp during the fourth quarter worth $2,702,000. Geode Capital Management LLC raised its position in Citizens Community Bancorp by 116.2% during the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock valued at $2,958,000 after buying an additional 115,171 shares during the period. UBS Group AG raised its position in Citizens Community Bancorp by 123.9% during the fourth quarter. UBS Group AG now owns 169,805 shares of the bank’s stock valued at $3,026,000 after buying an additional 93,952 shares during the period. Finally, Hsbc Holdings PLC raised its position in Citizens Community Bancorp by 95.4% during the first quarter. Hsbc Holdings PLC now owns 59,254 shares of the bank’s stock valued at $1,178,000 after buying an additional 28,933 shares during the period. 55.11% of the stock is owned by institutional investors and hedge funds.

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.