Acadian Asset Management LLC Purchases 28,400 Shares of Citizens Community Bancorp, Inc. $CZWI

Key Points

• Acadian Asset Management LLC increased its stake in Citizens Community Bancorp by 40.8%, acquiring an additional 28,400 shares to hold approximately 0.98% of the company, valued at $1.4 million.
• Multiple institutional investors, including Goldman Sachs and Jane Street Group, also raised their positions in Citizens Community Bancorp during the first quarter, reflecting strong institutional interest.
• Citizens Community Bancorp recently reported $0.33 earnings per share, exceeding estimates, and had a market cap of $164.73 million with shares trading around $16.69.

Acadian Asset Management LLC grew its position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,063 shares of the bank's stock after purchasing an additional 28,400 shares during the period. Acadian Asset Management LLC owned about 0.98% of Citizens Community Bancorp worth $1,402,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CZWI. Jane Street Group LLC acquired a new position in shares of Citizens Community Bancorp during the 4th quarter valued at about $327,000. Millennium Management LLC acquired a new position in shares of Citizens Community Bancorp during the 4th quarter valued at about $416,000. Ritholtz Wealth Management increased its holdings 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 valued at $549,000 after acquiring an additional 23,451 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Citizens Community Bancorp by 33.9% during the 4th quarter. Northern Trust Corp now owns 39,081 shares of the bank's stock valued at $637,000 after acquiring an additional 9,894 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Citizens Community Bancorp during the 4th quarter valued at about $202,000. 55.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citizens Community Bancorp news, Director Francis E. Felber bought 3,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $14.80 per share, for a total transaction of $44,400.00. Following the purchase, the director directly owned 19,950 shares in the company, valued at $295,260. This trade represents a 17.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 7,071 shares of company stock worth $105,238. 3.90% of the stock is owned by corporate insiders.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ CZWI traded down $0.06 during mid-day trading on Friday, reaching $16.63. 123,695 shares of the company traded hands, compared to its average volume of 19,052. The stock has a market cap of $164.14 million, a PE ratio of 13.41 and a beta of 0.76. The company's fifty day moving average is $15.71 and its two-hundred day moving average is $14.78. Citizens Community Bancorp, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Citizens Community Bancorp had a return on equity of 6.89% and a net margin of 12.65%.The firm had revenue of $16.15 million during the quarter, compared to the consensus estimate of $14.70 million. Research analysts forecast that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current year.

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.