Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Plans Quarterly Dividend of $0.12

Key Points

• Citizens Community Bancorp raised its quarterly dividend 14.3% to $0.12 per share, payable November 20 to shareholders of record November 6. The annualized dividend is $0.48, yielding about 2.0%.
• The dividend appears well covered: the current payout ratio is 28.7%, and analysts forecast a 21.3% payout ratio based on next year’s expected earnings.
• The bank reported quarterly EPS of $0.56, beating the $0.44 consensus estimate, and revenue of $17.37 million versus expectations of $16.90 million.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be paid a dividend of $0.12 per share by the bank on Friday, November 20th. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, November 6th. This is a 14.3% increase from Citizens Community Bancorp's previous quarterly dividend of $0.1050.

Citizens Community Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 6 years. Citizens Community Bancorp has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens Community Bancorp to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.3%.

Citizens Community Bancorp Price Performance

Shares of Citizens Community Bancorp stock opened at $23.77 on Wednesday. The stock has a market cap of $229.38 million, a P/E ratio of 15.85 and a beta of 0.51. The stock's 50 day simple moving average is $21.66 and its 200-day simple moving average is $20.72. Citizens Community Bancorp has a 1-year low of $15.94 and a 1-year high of $24.42.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.12. Citizens Community Bancorp had a return on equity of 7.65% and a net margin of 14.56%. The business had revenue of $17.37 million during the quarter, compared to analyst estimates of $16.90 million. As a group, research analysts expect that Citizens Community Bancorp will post 1.54 EPS for the current fiscal year.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.

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