Citizens Community Bancorp, Inc. (CZWI) To Go Ex-Dividend on November 6th

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share by the bank on Friday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. This is a 14.3% increase from Citizens Community Bancorp’s previous quarterly dividend of $0.1050.

Citizens Community Bancorp has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 6 years. Citizens Community Bancorp has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Community Bancorp to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.3%.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $24.55 on Wednesday. The company has a market capitalization of $236.94 million, a PE ratio of 16.37 and a beta of 0.51. The company has a 50 day simple moving average of $21.66 and a two-hundred day simple moving average of $20.72. Citizens Community Bancorp has a fifty-two week low of $15.94 and a fifty-two week high of $24.42.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, October 26th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.12. The firm had revenue of $17.37 million during the quarter, compared to analyst estimates of $16.90 million. Citizens Community Bancorp had a net margin of 14.56% and a return on equity of 7.65%. Research analysts predict that Citizens Community Bancorp will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its position in shares of Citizens Community Bancorp by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock worth $540,000 after purchasing an additional 1,044 shares in the last quarter. Bank of America Corp DE increased its position in Citizens Community Bancorp by 12.2% in the 1st quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock valued at $271,000 after buying an additional 1,494 shares in the last quarter. Empowered Funds LLC increased its position in Citizens Community Bancorp by 6.2% in the 1st quarter. Empowered Funds LLC now owns 68,613 shares of the bank’s stock valued at $1,359,000 after buying an additional 4,028 shares in the last quarter. Deutsche Bank AG acquired a new position in Citizens Community Bancorp during the 2nd quarter worth approximately $187,000. Finally, Renaissance Technologies LLC raised its stake in Citizens Community Bancorp by 21.1% during the 1st quarter. Renaissance Technologies LLC now owns 53,400 shares of the bank’s stock worth $1,057,000 after buying an additional 9,300 shares during the period. 55.11% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Community Bancorp

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.