Citizens Community Bancorp (NASDAQ:CZWI) Director Francis Felber Buys 500 Shares

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Francis Felber bought 500 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $20.25 per share, with a total value of $10,125.00. Following the purchase, the director directly owned 25,795 shares of the company’s stock, valued at $522,348.75. The trade was a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Citizens Community Bancorp Trading Down 2.6%

CZWI stock traded down $0.54 during midday trading on Monday, hitting $20.37. The stock had a trading volume of 49,204 shares, compared to its average volume of 60,353. The firm has a market cap of $196.45 million, a P/E ratio of 15.55 and a beta of 0.51. The business has a fifty day moving average price of $22.17 and a two-hundred day moving average price of $20.41. Citizens Community Bancorp, Inc. has a 1-year low of $14.61 and a 1-year high of $24.42.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. On average, equities analysts anticipate that Citizens Community Bancorp, Inc. will post 1.82 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.42 annualized dividend and a yield of 2.1%. Citizens Community Bancorp’s dividend payout ratio (DPR) is currently 32.06%.

Institutional Trading of Citizens Community Bancorp

Several hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Citizens Community Bancorp by 59.2% during the first quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank’s stock worth $602,000 after buying an additional 15,582 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Citizens Community Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after buying an additional 2,041 shares during the last quarter. Jane Street Group LLC increased its position in shares of Citizens Community Bancorp by 108.2% during the first quarter. Jane Street Group LLC now owns 41,813 shares of the bank’s stock worth $601,000 after acquiring an additional 21,726 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Citizens Community Bancorp by 116.2% during the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock worth $2,958,000 after acquiring an additional 115,171 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Citizens Community Bancorp in the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Analysts Set New Price Targets

CZWI has been the topic of several recent analyst reports. Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Brean Capital downgraded shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Friday. Weiss Ratings upgraded shares of Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Citigroup downgraded shares of Citizens Community Bancorp to a “neutral” rating in a research report on Friday. Finally, Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.50.

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.