Citizens Community Bancorp, Inc. (CZWI) to Issue Quarterly Dividend of $0.10 on August 21st

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 7th will be paid a dividend of 0.105 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 7th.

Citizens Community Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Citizens Community Bancorp has a payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Community Bancorp to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.9%.

Citizens Community Bancorp Stock Performance

NASDAQ CZWI opened at $21.87 on Wednesday. The firm’s 50 day moving average price is $22.12 and its 200-day moving average price is $20.35. Citizens Community Bancorp has a 52-week low of $14.61 and a 52-week high of $24.42. The company has a market cap of $210.83 million, a PE ratio of 16.69 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its quarterly earnings data on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The business had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $16.30 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.80%. On average, analysts forecast that Citizens Community Bancorp will post 1.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CZWI shares. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Hovde Group downgraded Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $21.00 to $24.00 in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

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.