Citizens Community Bancorp, Inc. Announces Quarterly Dividend of $0.11 (NASDAQ:CZWI)

Key Points

• Citizens Community Bancorp declared a quarterly dividend of $0.105 per share, payable May 22 to shareholders of record on May 8 (ex-dividend date May 8), implying an annualized dividend of $0.42 and a yield of 2.0%.
• The payout appears sustainable: the company has raised dividends for six consecutive years, has a current payout ratio of 25.1%, and analysts project $2.10 in EPS next year (implying an expected payout ratio near 20%).
• In its latest quarter the bank reported EPS of $0.39 (beat consensus by $0.03) and revenue of $16.11 million (also above estimates); the stock trades at a PE of 13.82 with a market cap around $204 million.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 8th will be paid a dividend of 0.105 per share by the bank on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 8th.

Citizens Community Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Citizens Community Bancorp has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens Community Bancorp to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 20.0%.

Citizens Community Bancorp Price Performance

Shares of Citizens Community Bancorp stock opened at $21.14 on Wednesday. The business has a 50-day moving average of $19.46 and a 200-day moving average of $18.20. The company has a market capitalization of $203.58 million, a PE ratio of 13.82 and a beta of 0.54. Citizens Community Bancorp has a 1-year low of $12.83 and a 1-year high of $22.62.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its earnings results on Monday, April 27th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $16.11 million during the quarter, compared to the consensus estimate of $15.70 million. Citizens Community Bancorp had a return on equity of 8.05% and a net margin of 15.02%. On average, equities analysts expect that Citizens Community Bancorp will post 1.75 earnings per share for the current fiscal year.

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.

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