Insider Buying: Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Purchases 1,000 Shares of Stock

Key Points

• Director Kathleen Skarvan of Citizens Community Bancorp purchased 1,000 shares at an average price of $14.74, increasing their ownership by 333.33%.
• The bank reported earnings of $0.33 per share for the last quarter, surpassing analysts' expectations of $0.29.
• Citizens Community Bancorp's stock experienced a 2.1% decline in value, trading at $14.43 amid low trading volume of 856 shares.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Kathleen Skarvan purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $14.74 per share, for a total transaction of $14,740.00. Following the acquisition, the director owned 1,300 shares of the company's stock, valued at $19,162. The trade was a 333.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Citizens Community Bancorp Stock Up 1.1%

Shares of CZWI traded up $0.17 on Tuesday, hitting $15.15. The company's stock had a trading volume of 108,884 shares, compared to its average volume of 36,203. The firm's fifty day moving average price is $14.41 and its 200-day moving average price is $14.65. Citizens Community Bancorp, Inc. has a fifty-two week low of $11.80 and a fifty-two week high of $17.04. The firm has a market capitalization of $151.35 million, a price-to-earnings ratio of 12.22 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, topping analysts' consensus estimates of $0.29 by $0.04. The firm had revenue of $16.15 million during the quarter, compared to the consensus estimate of $14.70 million. Citizens Community Bancorp had a return on equity of 6.93% and a net margin of 12.65%. As a group, equities analysts predict that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fourthstone LLC grew its stake in shares of Citizens Community Bancorp by 145.8% in the fourth quarter. Fourthstone LLC now owns 263,742 shares of the bank's stock valued at $4,296,000 after buying an additional 156,461 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Citizens Community Bancorp in the fourth quarter valued at $1,534,000. Acadian Asset Management LLC grew its position in shares of 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 acquiring an additional 28,400 shares during the period. Millennium Management LLC bought a new position in shares of Citizens Community Bancorp in the 4th quarter valued at about $416,000. Finally, Ritholtz Wealth Management increased its stake in shares of Citizens Community Bancorp by 159.4% during the 1st 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 last quarter. 55.11% of the stock is owned by institutional investors and hedge funds.

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.