Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Acquires $44,400.00 in Stock

Key Points

• Director Francis E. Felber purchased 3,000 shares of Citizens Community Bancorp stock at $14.80 per share, increasing his ownership by 17.70% to a total of 19,950 shares.
• The bank reported a quarterly earnings per share (EPS) of $0.33, surpassing analysts' expectation of $0.29, with a total revenue of $16.15 million.
• Institutional investors have increased their holdings significantly, with over 55% of the stock currently owned by hedge funds and other institutional investors.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Francis E. Felber bought 3,000 shares of the stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $14.80 per share, with a total value of $44,400.00. Following the acquisition, the director owned 19,950 shares of the company's stock, valued at $295,260. The trade was a 17.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ CZWI traded up $0.12 during mid-day trading on Monday, hitting $15.02. The stock had a trading volume of 1,771 shares, compared to its average volume of 35,577. The business has a 50 day moving average price of $14.41 and a two-hundred day moving average price of $14.66. The firm has a market cap of $150.05 million, a P/E ratio of 12.11 and a beta of 0.74. Citizens Community Bancorp, Inc. has a 1 year low of $11.74 and a 1 year high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. The company had revenue of $16.15 million for the quarter, compared to analysts' expectations of $14.70 million. Citizens Community Bancorp had a net margin of 12.65% and a return on equity of 6.93%. Equities research analysts predict that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Citizens Community Bancorp in the 4th quarter worth approximately $327,000. Millennium Management LLC purchased a new stake in Citizens Community Bancorp in the fourth quarter worth $416,000. Ritholtz Wealth Management increased its stake in Citizens Community Bancorp by 159.4% in the first quarter. Ritholtz Wealth Management now owns 38,167 shares of the bank's stock worth $549,000 after purchasing an additional 23,451 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Citizens Community Bancorp by 50.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 65,724 shares of the bank's stock worth $1,071,000 after purchasing an additional 22,025 shares during the period. Finally, Northern Trust Corp increased its stake in Citizens Community Bancorp by 33.9% in the fourth quarter. Northern Trust Corp now owns 39,081 shares of the bank's stock worth $637,000 after purchasing an additional 9,894 shares during the period. 55.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Citizens Community Bancorp from a "buy" rating to a "hold" rating in a research 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.