Insider Buying: Citizens Community Bancorp (NASDAQ:CZWI) Director Purchases $15,870.00 in Stock

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Kathleen Skarvan purchased 750 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $21.16 per share, with a total value of $15,870.00. Following the transaction, the director owned 2,050 shares of the company’s stock, valued at approximately $43,378. This represents a 57.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Citizens Community Bancorp Stock Down 0.1%

Shares of CZWI stock opened at $20.98 on Thursday. Citizens Community Bancorp, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $22.62. The stock has a market cap of $202.25 million, a P/E ratio of 13.71 and a beta of 0.54. The business has a fifty day simple moving average of $19.84 and a 200-day simple moving average of $18.44.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, April 27th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%.The business had revenue of $16.11 million during the quarter, compared to analysts’ expectations of $15.70 million. On average, sell-side analysts anticipate that Citizens Community Bancorp, Inc. will post 1.81 earnings per share for the current year.

Citizens Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a $0.105 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio (DPR) is currently 27.45%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Citizens Community Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Institutional Trading of Citizens Community Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in Citizens Community Bancorp by 37.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank’s stock worth $45,000 after purchasing an additional 768 shares in the last quarter. Hsbc Holdings PLC increased its position in Citizens Community Bancorp by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock worth $540,000 after purchasing an additional 1,044 shares in the last quarter. Ritholtz Wealth Management increased its position in Citizens Community Bancorp by 3.9% during the 4th quarter. Ritholtz Wealth Management now owns 34,118 shares of the bank’s stock worth $608,000 after purchasing an additional 1,268 shares in the last quarter. Barclays PLC increased its position in Citizens Community Bancorp by 3.7% during the 4th quarter. Barclays PLC now owns 37,077 shares of the bank’s stock worth $661,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Citizens Community Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock worth $883,000 after purchasing an additional 2,041 shares in the last quarter. Hedge funds and other institutional investors own 55.11% of the company’s stock.

About Citizens Community Bancorp

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.