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

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Director Francis Felber purchased 500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $20.25 per share, with a total value of $10,125.00. Following the completion of the purchase, the director owned 25,795 shares of the company’s stock, valued at $522,348.75. This trade represents a 1.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Citizens Community Bancorp Price Performance

Shares of NASDAQ:CZWI opened at $20.51 on Wednesday. The business’s 50 day simple moving average is $22.16 and its 200 day simple moving average is $20.44. Citizens Community Bancorp, Inc. has a 1 year low of $14.61 and a 1 year high of $24.42. The company has a market capitalization of $197.92 million, a P/E ratio of 15.66 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. On average, sell-side analysts anticipate that Citizens Community Bancorp, Inc. will post 1.64 EPS for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given 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 2.0%. Citizens Community Bancorp’s dividend payout ratio is currently 32.06%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Citizens Community Bancorp by 611.1% in the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock worth $28,000 after acquiring an additional 1,760 shares during the last quarter. Osaic Holdings Inc. increased its position 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 purchasing an additional 2,687 shares in the last quarter. Bank of America Corp DE increased its position 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 purchasing an additional 4,011 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Citizens Community Bancorp in the 2nd quarter valued at approximately $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Citizens Community Bancorp in the 2nd quarter valued at approximately $72,000. Institutional investors own 55.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CZWI. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $21.00 to $24.00 in a report on Friday, July 10th. Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday. Finally, Brean Capital cut Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.