Kathleen Skarvan Acquires 750 Shares of Citizens Community Bancorp (NASDAQ:CZWI) Stock

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Kathleen Skarvan purchased 750 shares of Citizens Community Bancorp stock in a transaction on Friday, May 8th. The stock was bought at an average price of $21.16 per share, for a total transaction of $15,870.00. Following the transaction, the director directly owned 2,050 shares in the company, valued at approximately $43,378. The trade was a 57.69% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Citizens Community Bancorp Trading Down 0.4%

NASDAQ CZWI opened at $21.00 on Wednesday. The business’s 50-day moving average price is $19.78 and its two-hundred day moving average price is $18.40. Citizens Community Bancorp, Inc. has a 12 month low of $12.83 and a 12 month high of $22.62. The firm has a market capitalization of $202.44 million, a PE ratio of 13.73 and a beta of 0.54.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.39 EPS 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 firm had revenue of $16.11 million for the quarter, compared to analyst estimates of $15.70 million. As a group, analysts forecast that Citizens Community Bancorp, Inc. will post 1.81 earnings per share for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be given a dividend of $0.105 per share. The ex-dividend date is Friday, May 8th. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio is presently 27.45%.

Institutional Investors Weigh In On Citizens Community Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Citizens Community Bancorp by 611.1% during the 2nd 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. raised its stake in Citizens Community Bancorp by 858.5% during the 2nd 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 raised its stake in Citizens Community Bancorp by 5,348.0% during the 2nd 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 position in Citizens Community Bancorp during the 2nd quarter worth approximately $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Citizens Community Bancorp during the 2nd quarter worth approximately $72,000. Institutional investors own 55.11% of the company’s stock.

Analyst Ratings Changes

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 assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.