Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Acquires $24,048.00 in Stock

Key Points

• Director Michael R. Conner of Citizens Community Bancorp purchased 1,600 shares at an average cost of $15.03 per share, totaling $24,048 and increasing his holdings by 12.04%.
• The company's stock price recently declined by 1.2%, with shares trading at $14.99 and a market capitalization of $149.75 million.
• In the last quarterly earnings report, Citizens Community Bancorp reported $0.33 earnings per share (EPS), exceeding expectations of $0.29.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Michael R. Conner bought 1,600 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $15.03 per share, with a total value of $24,048.00. Following the acquisition, the director directly owned 14,886 shares of the company's stock, valued at approximately $223,736.58. The trade was a 12.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Citizens Community Bancorp Stock Down 1.2%

Shares of CZWI stock traded down $0.18 on Thursday, reaching $14.99. The company had a trading volume of 19,489 shares, compared to its average volume of 36,011. The business's 50-day moving average is $14.43 and its 200 day moving average is $14.66. The stock has a market capitalization of $149.75 million, a PE ratio of 12.09 and a beta of 0.74. Citizens Community Bancorp, Inc. has a one year low of $11.80 and a one year high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The business had revenue of $16.15 million during the quarter, compared to analyst estimates of $14.70 million. Citizens Community Bancorp had a net margin of 12.65% and a return on equity of 6.93%. On average, sell-side analysts forecast that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management raised its holdings in Citizens Community Bancorp by 1.8% during the 2nd quarter. Ritholtz Wealth Management now owns 38,851 shares of the bank's stock worth $536,000 after purchasing an additional 684 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth approximately $68,000. Goldman Sachs Group Inc. grew its position in 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 purchasing an additional 15,582 shares during the period. Acadian Asset Management LLC grew its position in Citizens Community Bancorp by 40.8% in the 1st quarter. Acadian Asset Management LLC now owns 98,063 shares of the bank's stock valued at $1,402,000 after purchasing an additional 28,400 shares during the period. Finally, Jane Street Group LLC grew its position in Citizens Community Bancorp by 108.2% in the 1st quarter. Jane Street Group LLC now owns 41,813 shares of the bank's stock valued at $601,000 after purchasing an additional 21,726 shares during the period. Institutional investors own 55.11% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Citizens Community Bancorp from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.

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