Royce & Associates LP Reduces Stock Holdings in Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Royce & Associates LP reduced its position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,741 shares of the bank’s stock after selling 7,894 shares during the quarter. Royce & Associates LP owned approximately 1.60% of Citizens Community Bancorp worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CZWI. Empowered Funds LLC lifted its stake in shares of Citizens Community Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,232 shares of the bank’s stock valued at $825,000 after buying an additional 2,948 shares in the last quarter. Barclays PLC bought a new stake in Citizens Community Bancorp during the 3rd quarter valued at $48,000. Geode Capital Management LLC lifted its position in shares of Citizens Community Bancorp by 1.7% during the third quarter. Geode Capital Management LLC now owns 104,125 shares of the bank’s stock worth $1,476,000 after acquiring an additional 1,732 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Citizens Community Bancorp in the fourth quarter worth $240,000. Finally, Fourthstone LLC purchased a new position in shares of Citizens Community Bancorp in the third quarter valued at $1,520,000. 55.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Citizens Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday.

Citizens Community Bancorp Trading Up 0.6 %

Shares of Citizens Community Bancorp stock opened at $14.77 on Friday. The company’s 50-day moving average price is $15.34 and its 200-day moving average price is $15.10. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. Citizens Community Bancorp, Inc. has a 12-month low of $10.14 and a 12-month high of $17.04. The company has a market cap of $148.20 million, a price-to-earnings ratio of 11.11 and a beta of 1.12.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its earnings results on Monday, January 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Citizens Community Bancorp had a net margin of 13.79% and a return on equity of 7.87%. On average, equities analysts expect that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current fiscal year.

Citizens Community Bancorp Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.36 per share. This represents a yield of 2%. This is a boost from Citizens Community Bancorp’s previous annual dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Citizens Community Bancorp’s payout ratio is presently 27.07%.

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