Citizens Community Bancorp (NASDAQ:CZWI) Releases Earnings Results, Beats Expectations By $0.08 EPS

Citizens Community Bancorp (NASDAQ:CZWIGet Rating) issued its earnings results on Monday. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08, MarketWatch Earnings reports. Citizens Community Bancorp had a return on equity of 11.23% and a net margin of 22.25%. The business had revenue of $22.23 million during the quarter, compared to analysts’ expectations of $16.60 million.

Citizens Community Bancorp Stock Up 2.9 %

NASDAQ CZWI opened at $12.60 on Wednesday. The stock has a market cap of $132.05 million, a PE ratio of 6.92 and a beta of 0.91. Citizens Community Bancorp has a fifty-two week low of $11.35 and a fifty-two week high of $16.49. The business has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $12.80. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63.

Citizens Community Bancorp Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, February 3rd will be issued a $0.29 dividend. This represents a yield of 2.3%. The ex-dividend date is Thursday, February 2nd. This is a boost from Citizens Community Bancorp’s previous annual dividend of $0.26. Citizens Community Bancorp’s dividend payout ratio is currently 14.29%.

Hedge Funds Weigh In On Citizens Community Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its holdings in Citizens Community Bancorp by 2.1% in the 3rd quarter. Alliancebernstein L.P. now owns 786,072 shares of the bank’s stock worth $9,566,000 after acquiring an additional 16,088 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 buying an additional 6,078 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Citizens Community Bancorp by 1.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 670,763 shares of the bank’s stock valued at $10,135,000 after buying an additional 10,157 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 buying an additional 161,542 shares during the last quarter. Finally, Prelude Capital Management LLC boosted its stake in shares of 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 buying an additional 25,907 shares during the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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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Earnings History for Citizens Community Bancorp (NASDAQ:CZWI)

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