Citizens Community Bancorp, Inc. (CZWI) to Issue Annual Dividend of $0.29 on February 17th

Citizens Community Bancorp, Inc. (NASDAQ:CZWI – Get Rating) announced an annual dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Friday, February 3rd will be paid a dividend of 0.29 per share by the bank on Friday, February 17th. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, February 2nd. This is an increase from Citizens Community Bancorp’s previous annual dividend of $0.26.

Citizens Community Bancorp has raised its dividend payment by an average of 9.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Citizens Community Bancorp has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Citizens Community Bancorp to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 17.2%.

Citizens Community Bancorp Trading Down 1.0 %

NASDAQ CZWI opened at $12.47 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63. The firm has a market cap of $130.74 million, a PE ratio of 6.92 and a beta of 0.91. The company has a 50 day moving average price of $12.70 and a 200 day moving average price of $12.80. Citizens Community Bancorp has a 52 week low of $11.35 and a 52 week high of $16.49.

Citizens Community Bancorp (NASDAQ:CZWI – Get Rating) last posted its quarterly earnings data on Monday, January 23rd. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. The firm had revenue of $22.23 million during the quarter, compared to analyst estimates of $16.60 million. Citizens Community Bancorp had a net margin of 22.25% and a return on equity of 11.23%. As a group, sell-side analysts forecast that Citizens Community Bancorp will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Citizens Community Bancorp by 30.9% during the 1st quarter. Acadian Asset Management LLC now owns 33,455 shares of the bank’s stock valued at $504,000 after purchasing an additional 7,901 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Citizens Community Bancorp by 5.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 42,816 shares of the bank’s stock valued at $647,000 after purchasing an additional 2,050 shares in the last quarter. Prelude Capital Management LLC increased its stake in Citizens Community Bancorp by 43.3% during the 1st quarter. Prelude Capital Management LLC now owns 85,750 shares of the bank’s stock valued at $1,296,000 after purchasing an additional 25,907 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Citizens Community Bancorp by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 255,684 shares of the bank’s stock valued at $3,112,000 after purchasing an additional 6,078 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Citizens Community Bancorp by 310.8% during the 1st quarter. Wellington Management Group LLP now owns 213,526 shares of the bank’s stock valued at $3,226,000 after purchasing an additional 161,542 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price objective on shares of Citizens Community Bancorp to $13.00 in a research note on Thursday, September 29th.

About Citizens Community Bancorp

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Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal Bank. It provides commercial, agricultural and consumer banking services. The company was founded in 2004 and is headquartered in Eau Claire, WI.