Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Michael R. Conner Buys 1,600 Shares

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 purchased 1,600 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $15.03 per share, for a total transaction of $24,048.00. Following the acquisition, the director owned 14,886 shares of the company's stock, valued at approximately $223,736.58. The trade was a 12.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Citizens Community Bancorp Trading Down 0.5%

NASDAQ CZWI traded down $0.08 during trading hours on Monday, reaching $14.94. The company's stock had a trading volume of 3,562 shares, compared to its average volume of 35,690. The business has a 50-day simple moving average of $14.43 and a 200 day simple moving average of $14.63. Citizens Community Bancorp, Inc. has a 52 week low of $11.80 and a 52 week high of $17.04. The stock has a market cap of $147.46 million, a PE ratio of 12.06 and a beta of 0.74.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The bank reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The business had revenue of $16.15 million for the quarter, compared to the consensus estimate of $14.70 million. Citizens Community Bancorp had a net margin of 12.65% and a return on equity of 6.89%. As a group, equities analysts predict that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Citizens Community Bancorp in the 2nd quarter worth approximately $30,000. Geode Capital Management LLC grew its position in Citizens Community Bancorp by 116.2% during the 2nd quarter. Geode Capital Management LLC now owns 214,308 shares of the bank's stock valued at $2,958,000 after purchasing an additional 115,171 shares during the last quarter. Ritholtz Wealth Management raised its stake 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 acquiring an additional 684 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Citizens Community Bancorp during the second quarter valued at approximately $68,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Citizens Community Bancorp by 59.2% in the first 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 in the last quarter. Institutional investors own 55.11% of the company's stock.

About Citizens Community Bancorp

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.