Insider Buying: Citizens Community Bancorp (NASDAQ:CZWI) Director Buys $10,125.00 in Stock

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Francis Felber bought 500 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $20.25 per share, with a total value of $10,125.00. Following the acquisition, the director directly owned 25,795 shares of the company’s stock, valued at approximately $522,348.75. This represents a 1.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Citizens Community Bancorp Stock Performance

Shares of Citizens Community Bancorp stock opened at $20.70 on Thursday. The firm has a 50-day moving average of $22.16 and a 200-day moving average of $20.46. The stock has a market cap of $199.75 million, a PE ratio of 15.80 and a beta of 0.51. Citizens Community Bancorp, Inc. has a 52-week low of $14.61 and a 52-week high of $24.42.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The business had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. Equities research analysts predict that Citizens Community Bancorp, Inc. will post 1.64 earnings per share for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio is presently 32.06%.

Hedge Funds Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Citizens Community Bancorp by 611.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock worth $28,000 after acquiring an additional 1,760 shares in the last quarter. Osaic Holdings Inc. raised its position in Citizens Community Bancorp by 858.5% during the second quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank’s stock valued at $41,000 after purchasing an additional 2,687 shares in the last quarter. Bank of America Corp DE raised its position in Citizens Community Bancorp by 5,348.0% during the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank’s stock valued at $56,000 after purchasing an additional 4,011 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Citizens Community Bancorp during the second quarter worth $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Citizens Community Bancorp during the second quarter worth $72,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CZWI shares. Hovde Group downgraded shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $21.00 to $24.00 in a research report on Friday, July 10th. Weiss Ratings raised Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Zacks Research lowered Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Citigroup cut Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Finally, Brean Capital downgraded Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.50.

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.