Banc Funds Co. LLC Reduces Holdings in Citizens Community Bancorp, Inc. $CZWI

Key Points

• Banc Funds Co. LLC cut its stake in Citizens Community Bancorp (NASDAQ:CZWI) by 40.2% in Q3, selling 165,710 shares and finishing the period with 246,286 shares (2.55% ownership, about $3.96M).
• Other institutions moved the opposite direction — UBS boosted its position by 408.9% to 75,853 shares and Bank of America raised its stake by 109.8% — with institutional investors now owning 55.11% of the stock.
• Fundamentals: CZWI has a market cap of ~$175M, reported quarterly EPS of $0.44 (beating estimates) with slightly lower-than-expected revenue, pays a $0.105 quarterly dividend (2.3% yield, 28.8% payout ratio), and has a consensus analyst rating of Hold.

Banc Funds Co. LLC lessened its holdings in Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 40.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,286 shares of the bank's stock after selling 165,710 shares during the period. Banc Funds Co. LLC owned 2.55% of Citizens Community Bancorp worth $3,958,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Citizens Community Bancorp by 109.8% in the 3rd quarter. Bank of America Corp DE now owns 8,573 shares of the bank's stock valued at $138,000 after buying an additional 4,487 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Citizens Community Bancorp in the third quarter valued at $427,000. Two Sigma Investments LP acquired a new stake in shares of Citizens Community Bancorp during the third quarter valued at $225,000. UBS Group AG increased its position in Citizens Community Bancorp by 408.9% during the 3rd quarter. UBS Group AG now owns 75,853 shares of the bank's stock worth $1,219,000 after purchasing an additional 60,949 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Citizens Community Bancorp by 37.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank's stock valued at $45,000 after purchasing an additional 768 shares during the last quarter. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Citizens Community Bancorp Stock Performance

Shares of CZWI stock opened at $18.17 on Friday. The firm has a market capitalization of $174.98 million, a price-to-earnings ratio of 12.45 and a beta of 0.66. Citizens Community Bancorp, Inc. has a one year low of $12.69 and a one year high of $19.11. The company has a 50 day moving average price of $18.24 and a 200 day moving average price of $17.24.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The company had revenue of $15.76 million during the quarter, compared to analysts' expectations of $16.30 million. Citizens Community Bancorp had a net margin of 14.60% and a return on equity of 7.81%. As a group, equities analysts forecast that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $0.105 per share. The ex-dividend date was Friday, February 6th. This represents a $0.42 annualized dividend and a yield of 2.3%. Citizens Community Bancorp's dividend payout ratio is currently 28.77%.

Analyst Ratings Changes

Several research firms have issued reports on CZWI. Zacks Research cut shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Citizens Community Bancorp in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Citizens Community Bancorp Company Profile

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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