Daytona Street Capital LLC Invests $2.70 Million in Citizens Community Bancorp, Inc. $CZWI

Key Points

• Daytona Street Capital LLC opened a new position in Citizens Community Bancorp by acquiring 151,644 shares worth about $2.70 million, representing roughly 1.8% of Daytona's portfolio and making CZWI its 15th-largest holding (Daytona owned 1.57% of CZWI at period end).
• Citizens Community Bancorp (NASDAQ:CZWI) has a market cap of about $193.6 million, a P/E of 13.77, a 52-week range of $12.69–$20.44, and recently reported an EPS beat ($0.44 vs. $0.37) with revenue of $15.76 million; the bank pays a quarterly dividend of $0.105 (2.1% yield, DPR 28.77%).
• Institutional ownership is significant at 55.11% with several firms increasing or initiating stakes (BNP Paribas, Osaic, Bank of America, JPMorgan, Mirae), and analyst coverage is mixed-to-positive with a consensus of "Moderate Buy" (one Buy, one Hold; Zacks downgraded to Hold while Weiss upgraded to Buy).

Daytona Street Capital LLC acquired a new position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 151,644 shares of the bank's stock, valued at approximately $2,702,000. Citizens Community Bancorp makes up approximately 1.8% of Daytona Street Capital LLC's portfolio, making the stock its 15th biggest holding. Daytona Street Capital LLC owned 1.57% of Citizens Community Bancorp at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Citizens Community Bancorp by 611.1% in the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank's stock worth $28,000 after buying an additional 1,760 shares during the period. Osaic Holdings Inc. boosted its position in shares of Citizens Community Bancorp by 858.5% in the second quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank's stock worth $41,000 after buying an additional 2,687 shares during the period. Bank of America Corp DE boosted its position in shares of Citizens Community Bancorp by 5,348.0% in the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock worth $56,000 after buying an additional 4,011 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Citizens Community Bancorp in the second quarter worth $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Citizens Community Bancorp in the second quarter worth $72,000. 55.11% of the stock is owned by institutional investors.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ:CZWI opened at $20.11 on Tuesday. Citizens Community Bancorp, Inc. has a 1 year low of $12.69 and a 1 year high of $20.44. The business has a fifty day simple moving average of $18.65 and a 200 day simple moving average of $17.58. The firm has a market cap of $193.64 million, a price-to-earnings ratio of 13.77 and a beta of 0.55.

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, topping the consensus estimate of $0.37 by $0.07. Citizens Community Bancorp had a return on equity of 7.81% and a net margin of 14.60%.The business had revenue of $15.76 million during the quarter, compared to analyst estimates of $16.30 million. On average, sell-side analysts forecast that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 6th. Citizens Community Bancorp's dividend payout ratio (DPR) is 28.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CZWI. Zacks Research cut Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 2nd. Weiss Ratings raised Citizens Community Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

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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