Citizens Community Bancorp (NASDAQ:CZWI) Director Francis Felber Purchases 500 Shares of Stock

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Francis Felber purchased 500 shares of the company’s stock in a transaction that occurred on 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 completion of the purchase, the director owned 25,795 shares in the company, valued at $522,348.75. This trade represents a 1.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Citizens Community Bancorp Price Performance

Citizens Community Bancorp stock opened at $20.37 on Tuesday. Citizens Community Bancorp, Inc. has a 1-year low of $14.61 and a 1-year high of $24.42. The firm has a market capitalization of $196.37 million, a P/E ratio of 15.55 and a beta of 0.51. The company’s 50-day moving average is $22.18 and its 200 day moving average is $20.43.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (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 for the quarter, compared to analysts’ expectations of $16.30 million. Research analysts anticipate that Citizens Community Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 7th. Citizens Community Bancorp’s payout ratio is currently 32.06%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CZWI shares. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a research report on Friday. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings raised Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Hovde Group downgraded Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $21.00 to $24.00 in a research report on Friday, July 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 note on Friday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.50.

Institutional Investors Weigh In On Citizens Community Bancorp

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in Citizens Community Bancorp by 123.3% in the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock valued at $12,321,000 after purchasing an additional 381,805 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Citizens Community Bancorp in the 2nd quarter valued at about $14,797,000. Vanguard Group Inc. boosted its holdings in shares of Citizens Community Bancorp by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 559,094 shares of the bank’s stock valued at $8,985,000 after buying an additional 3,320 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Citizens Community Bancorp by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank’s stock worth $6,865,000 after buying an additional 10,515 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Citizens Community Bancorp by 116.2% during the 2nd quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock worth $2,958,000 after acquiring an additional 115,171 shares in the last quarter. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

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.