Citizens Community Bancorp (NASDAQ:CZWI) Announces Quarterly Earnings Results

Citizens Community Bancorp (NASDAQ:CZWI) posted its earnings results on Monday. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12, FiscalAI reports. The company had revenue of $17.37 million for the quarter, compared to analyst estimates of $16.90 million.

Citizens Community Bancorp Price Performance

Shares of NASDAQ CZWI opened at $23.41 on Wednesday. The business’s fifty day moving average price is $21.40 and its two-hundred day moving average price is $20.58. The firm has a market capitalization of $225.91 million, a PE ratio of 15.61 and a beta of 0.50. Citizens Community Bancorp has a 1-year low of $15.50 and a 1-year high of $24.42.

Citizens Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 6th. This is a positive change from Citizens Community Bancorp’s previous quarterly dividend of $0.1050. This represents a $0.48 annualized dividend and a yield of 2.1%. Citizens Community Bancorp’s payout ratio is presently 28.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Citigroup lowered Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Wall Street Zen upgraded Citizens Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Citizens Community Bancorp has an average rating of “Hold” and a consensus price target of $23.50.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.