Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Plans Annual Dividend of $0.29

Citizens Community Bancorp, Inc. (NASDAQ:CZWIGet Rating) announced an annual dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Friday, February 3rd will be given 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 by an average of 9.1% per year over the last three years and has increased its dividend every year for the last 3 years. Citizens Community Bancorp has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

CZWI stock opened at $12.60 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $132.05 million, a P/E ratio of 6.92 and a beta of 0.91. Citizens Community Bancorp has a 1 year low of $11.35 and a 1 year high of $16.49. The stock’s 50 day moving average price is $12.70 and its 200 day moving average price is $12.80.

Citizens Community Bancorp (NASDAQ:CZWIGet Rating) last announced its quarterly earnings results on Monday, January 23rd. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $22.23 million during the quarter, compared to the consensus estimate of $16.60 million. Citizens Community Bancorp had a return on equity of 11.23% and a net margin of 22.25%. On average, sell-side analysts expect that Citizens Community Bancorp will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CZWI. The Manufacturers Life Insurance Company grew its stake in shares of Citizens Community Bancorp by 1.5% during the first quarter. The Manufacturers Life Insurance Company now owns 670,763 shares of the bank’s stock valued at $10,135,000 after acquiring an additional 10,157 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Citizens Community Bancorp by 2.1% during the 3rd quarter. Alliancebernstein L.P. now owns 786,072 shares of the bank’s stock worth $9,566,000 after purchasing an additional 16,088 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Citizens Community Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 435,534 shares of the bank’s stock valued at $6,581,000 after purchasing an additional 14,433 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Citizens Community Bancorp by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 243,255 shares of the bank’s stock valued at $3,676,000 after buying an additional 6,456 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Citizens Community Bancorp by 310.8% during the first quarter. Wellington Management Group LLP now owns 213,526 shares of the bank’s stock worth $3,226,000 after buying an additional 161,542 shares in the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price target on Citizens Community Bancorp to $13.00 in a report on Thursday, September 29th.

Citizens Community Bancorp Company Profile

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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.

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Dividend History for Citizens Community Bancorp (NASDAQ:CZWI)

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