Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Declares Quarterly Dividend of $0.12

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be given a dividend of $0.12 per share by the bank on Friday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 6th. This is a 14.3% increase from Citizens Community Bancorp’s previous quarterly dividend of $0.1050.

Citizens Community Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Citizens Community Bancorp has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens Community Bancorp to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.3%.

Citizens Community Bancorp Stock Performance

Shares of CZWI stock opened at $23.77 on Wednesday. The firm’s 50 day moving average price is $21.66 and its 200-day moving average price is $20.72. Citizens Community Bancorp has a one year low of $15.94 and a one year high of $24.42. The firm has a market cap of $229.38 million, a P/E ratio of 15.85 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly earnings data on Monday, October 26th. The bank reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Citizens Community Bancorp had a net margin of 14.56% and a return on equity of 7.65%. The firm had revenue of $17.37 million during the quarter, compared to analysts’ expectations of $16.90 million. As a group, research analysts predict that Citizens Community Bancorp will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its holdings in shares of Citizens Community Bancorp by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock valued at $540,000 after purchasing an additional 1,044 shares in the last quarter. Bank of America Corp DE increased its stake in Citizens Community Bancorp by 12.2% during the 1st quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock worth $271,000 after buying an additional 1,494 shares during the period. Empowered Funds LLC increased its stake in Citizens Community Bancorp by 6.2% during the 1st quarter. Empowered Funds LLC now owns 68,613 shares of the bank’s stock worth $1,359,000 after buying an additional 4,028 shares during the period. Deutsche Bank AG acquired a new stake in Citizens Community Bancorp during the 2nd quarter worth approximately $187,000. Finally, Renaissance Technologies LLC lifted its holdings in Citizens Community Bancorp by 21.1% during the 1st quarter. Renaissance Technologies LLC now owns 53,400 shares of the bank’s stock worth $1,057,000 after buying an additional 9,300 shares in the last quarter. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.