Rhino Investment Partners Inc Buys Shares of 162,312 Citizens Community Bancorp, Inc. $CZWI

Rhino Investment Partners Inc bought a new position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) during the first quarter, Holdings Channel reports. The institutional investor bought 162,312 shares of the bank’s stock, valued at approximately $3,214,000.

A number of other large investors also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Citizens Community Bancorp by 59.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank’s stock valued at $602,000 after buying an additional 15,582 shares during the period. Empowered Funds LLC raised its stake in Citizens Community Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock worth $883,000 after acquiring an additional 2,041 shares during the period. Jane Street Group LLC lifted its holdings in Citizens Community Bancorp by 108.2% in the first quarter. Jane Street Group LLC now owns 41,813 shares of the bank’s stock worth $601,000 after acquiring an additional 21,726 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Citizens Community Bancorp by 116.2% in the second 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 during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Citizens Community Bancorp in the second quarter valued at approximately $63,000. 55.11% of the stock is currently owned by institutional investors.

Citizens Community Bancorp Price Performance

CZWI stock opened at $21.40 on Wednesday. Citizens Community Bancorp, Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $24.42. The firm’s 50-day simple moving average is $21.97 and its 200 day simple moving average is $20.21. The stock has a market cap of $206.38 million, a PE ratio of 16.34 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $16.11 million for 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%. Equities analysts forecast that Citizens Community Bancorp, Inc. will post 1.82 EPS for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued 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 of this dividend is Friday, August 7th. Citizens Community Bancorp’s payout ratio is 32.06%.

Analyst Upgrades and Downgrades

CZWI has been the subject of several recent research reports. Zacks Research raised Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Hovde Group downgraded Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $21.00 to $24.00 in a report on Friday, July 10th. Finally, Weiss Ratings lowered Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $24.00.

Insider Buying and Selling at Citizens Community Bancorp

In other news, Director James D. Moll sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $20.58, for a total transaction of $41,160.00. Following the completion of the transaction, the director directly owned 33,463 shares in the company, valued at approximately $688,668.54. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 3,350 shares of company stock worth $69,815 over the last quarter. Insiders own 4.10% of the company’s stock.

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.