Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Short Interest Update

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 119,600 shares, an increase of 290.8% from the March 15th total of 30,600 shares. Based on an average trading volume of 29,500 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.2% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Hovde Group raised Citizens Community Bancorp from a "market perform" rating to an "outperform" rating in a research note on Monday, March 4th. StockNews.com began coverage on Citizens Community Bancorp in a research report on Sunday, March 10th. They issued a "hold" rating for the company.

Citizens Community Bancorp Trading Down 4.5 %

Shares of CZWI stock traded down $0.52 on Wednesday, hitting $11.08. 6,812 shares of the company's stock traded hands, compared to its average volume of 28,434. The stock has a market capitalization of $115.90 million, a price-to-earnings ratio of 8.87 and a beta of 1.01. The company's fifty day simple moving average is $11.98 and its 200 day simple moving average is $11.01. Citizens Community Bancorp has a one year low of $7.61 and a one year high of $12.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.97 and a current ratio of 0.98.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. Citizens Community Bancorp had a return on equity of 7.99% and a net margin of 13.82%. The firm had revenue of $24.51 million for the quarter, compared to analysts' expectations of $13.90 million. Equities analysts forecast that Citizens Community Bancorp will post 1.23 EPS for the current year.

Citizens Community Bancorp Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a yield of 2.6%. This is an increase from Citizens Community Bancorp's previous annual dividend of $0.29. Citizens Community Bancorp's payout ratio is presently 25.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Boothbay Fund Management LLC purchased a new position in shares of Citizens Community Bancorp during the fourth quarter valued at approximately $2,573,000. Wellington Management Group LLP lifted its position in shares of Citizens Community Bancorp by 310.8% in the 1st quarter. Wellington Management Group LLP now owns 213,526 shares of the bank's stock worth $3,226,000 after purchasing an additional 161,542 shares during the period. Alliancebernstein L.P. increased its position in shares of Citizens Community Bancorp by 7.9% during the second quarter. Alliancebernstein L.P. now owns 914,962 shares of the bank's stock valued at $8,098,000 after buying an additional 66,926 shares during the period. Susquehanna International Group LLP purchased a new stake in Citizens Community Bancorp in the fourth quarter worth about $474,000. Finally, Prelude Capital Management LLC boosted its position in Citizens Community Bancorp by 43.3% during the 1st quarter. Prelude Capital Management LLC now owns 85,750 shares of the bank's stock valued at $1,296,000 after acquiring an additional 25,907 shares in the last quarter. Institutional investors own 55.11% of the company's stock.

About Citizens Community Bancorp

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. The company accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.