Citizens Community Bancorp (NASDAQ:CZWI) Director Michael Conner Purchases 1,100 Shares

Key Points

• Director Michael Conner purchased 1,100 shares at an average price of $20.95 ($23,045 total), increasing his direct stake to 15,986 shares — a 7.39% ownership rise.
• Citizens Community Bancorp beat quarterly expectations with $0.39 EPS vs. $0.36 consensus and revenue of $16.11M vs. $15.70M; analysts forecast about 1.75 EPS for the year.
• The company declared a quarterly dividend of $0.105 per share (annualized $0.42, ~2.0% yield), with record and ex-dividend dates on May 8 and payment on May 22.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Michael Conner acquired 1,100 shares of the company's stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $20.95 per share, for a total transaction of $23,045.00. Following the completion of the acquisition, the director directly owned 15,986 shares in the company, valued at $334,906.70. The trade was a 7.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ CZWI traded up $0.01 during trading on Monday, reaching $20.86. The stock had a trading volume of 28,194 shares, compared to its average volume of 49,957. Citizens Community Bancorp, Inc. has a one year low of $12.83 and a one year high of $22.62. The stock has a market cap of $200.86 million, a PE ratio of 13.63 and a beta of 0.54. The firm's 50 day moving average price is $19.40 and its two-hundred day moving average price is $18.16.

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

Citizens Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 8th. Citizens Community Bancorp's payout ratio is 27.45%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its position in Citizens Community Bancorp by 95.4% during the 1st quarter. Hsbc Holdings PLC now owns 59,254 shares of the bank's stock worth $1,178,000 after acquiring an additional 28,933 shares during the period. Ritholtz Wealth Management boosted its position in Citizens Community Bancorp by 38.3% during the 1st quarter. Ritholtz Wealth Management now owns 47,190 shares of the bank's stock worth $934,000 after acquiring an additional 13,072 shares during the period. Wellington Management Group LLP boosted its position in Citizens Community Bancorp by 123.3% during the 4th quarter. Wellington Management Group LLP now owns 691,414 shares of the bank's stock worth $12,321,000 after acquiring an additional 381,805 shares during the period. AQR Capital Management LLC boosted its position in Citizens Community Bancorp by 35.5% during the 4th quarter. AQR Capital Management LLC now owns 19,022 shares of the bank's stock worth $339,000 after acquiring an additional 4,987 shares during the period. Finally, Barclays PLC boosted its position in Citizens Community Bancorp by 3.7% during the 4th quarter. Barclays PLC now owns 37,077 shares of the bank's stock worth $661,000 after acquiring an additional 1,323 shares during the period. Institutional investors and hedge funds own 55.11% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Citizens Community Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

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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