Acadian Asset Management LLC Increases Stake in 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 lifted its stake in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 40.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,063 shares of the bank's stock after acquiring an additional 28,400 shares during the quarter. Acadian Asset Management LLC owned approximately 0.98% of Citizens Community Bancorp worth $1,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in Citizens Community Bancorp in the fourth quarter valued at approximately $202,000. Jane Street Group LLC acquired a new stake in shares of Citizens Community Bancorp during the fourth quarter worth $327,000. Millennium Management LLC purchased a new position in shares of Citizens Community Bancorp during the fourth quarter worth $416,000. Ritholtz Wealth Management raised its holdings in shares of Citizens Community Bancorp by 159.4% during the first 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. Finally, Northern Trust Corp raised its holdings in shares of Citizens Community Bancorp by 33.9% during the fourth quarter. Northern Trust Corp now owns 39,081 shares of the bank's stock worth $637,000 after purchasing an additional 9,894 shares during the last quarter. 55.11% of the stock is currently owned by institutional investors.

Citizens Community Bancorp Trading Down 0.4%

CZWI traded down $0.06 on Friday, reaching $16.63. The stock had a trading volume of 123,695 shares, compared to its average volume of 15,154. Citizens Community Bancorp, Inc. has a 12-month low of $12.69 and a 12-month high of $17.04. The business's 50-day moving average price is $15.71 and its two-hundred day moving average price is $14.78. The company has a market cap of $164.14 million, a P/E ratio of 13.41 and a beta of 0.76.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its earnings results on Monday, July 28th. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. Citizens Community Bancorp had a net margin of 12.65% and a return on equity of 6.89%. The business had revenue of $16.15 million during the quarter, compared to analysts' expectations of $14.70 million. As a group, analysts predict that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current year.

Insider Transactions at Citizens Community Bancorp

In other Citizens Community Bancorp news, Director Francis E. Felber acquired 3,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average price of $14.80 per share, with a total value of $44,400.00. Following the purchase, the director owned 19,950 shares in the company, valued at approximately $295,260. The trade was a 17.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 7,071 shares of company stock worth $105,238. 3.90% of the stock is currently owned by corporate insiders.

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.