Citizens Community Bancorp (NASDAQ:CZWI) Director Purchases $20,600.00 in Stock

Key Points

• Director Francis Felber purchased 1,000 shares at $20.60 on May 4 for $20,600, increasing his holdings to 20,950 shares (a 5.01% boost to his position).
• The company declared a quarterly dividend of $0.105 per share (annualized $0.42, ~2.0% yield), with an ex-dividend date of May 8 and payment on May 22.
• Citizens beat estimates with quarterly EPS $0.39 vs. $0.36 and revenue of $16.11M vs. $15.70M, the stock traded up 1.6% to $21.19 (market cap ≈ $204M), and Weiss Ratings upgraded the stock to a "buy."

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) Director Francis Felber acquired 1,000 shares of the business's stock in a transaction on Monday, May 4th. The shares were purchased at an average price of $20.60 per share, with a total value of $20,600.00. Following the completion of the purchase, the director owned 20,950 shares in the company, valued at $431,570. This represents a 5.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Citizens Community Bancorp Trading Up 1.6%

NASDAQ:CZWI traded up $0.33 during trading hours on Tuesday, hitting $21.19. 3,828 shares of the stock were exchanged, compared to its average volume of 49,412. Citizens Community Bancorp, Inc. has a 52-week low of $12.83 and a 52-week high of $22.62. The firm's fifty day moving average price is $19.40 and its 200 day moving average price is $18.16. The company has a market cap of $204.05 million, a P/E ratio of 13.83 and a beta of 0.54.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $16.11 million during the quarter, compared to analyst estimates of $15.70 million. Equities analysts expect that Citizens Community Bancorp, Inc. will post 1.75 EPS for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a 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

Institutional investors have recently modified their holdings of the stock. Daytona Street Capital LLC purchased a new position in shares of Citizens Community Bancorp during the 4th quarter worth $2,702,000. Goldman Sachs Group Inc. raised its holdings in shares of Citizens Community Bancorp by 59.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank's stock worth $602,000 after acquiring an additional 15,582 shares during the period. Jane Street Group LLC raised its holdings in shares of Citizens Community Bancorp by 108.2% during the 1st quarter. Jane Street Group LLC now owns 41,813 shares of the bank's stock worth $601,000 after acquiring an additional 21,726 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Citizens Community Bancorp by 54.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 28,880 shares of the bank's stock worth $515,000 after acquiring an additional 10,154 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of 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. Hedge funds and other institutional investors own 55.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Citizens Community Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average 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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