Royce & Associates LP Decreases Stock Position in Citizens Community Bancorp, Inc. $CZWI

Royce & Associates LP cut its stake in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 45.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,702 shares of the bank’s stock after selling 40,246 shares during the quarter. Royce & Associates LP owned about 0.50% of Citizens Community Bancorp worth $868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake 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 valued at $28,000 after acquiring an additional 1,760 shares during the period. Osaic Holdings Inc. boosted its stake in shares of 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 during the period. Bank of America Corp DE grew its holdings 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 valued at $56,000 after purchasing an additional 4,011 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Citizens Community Bancorp during the 2nd quarter valued at about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Citizens Community Bancorp in the 2nd quarter worth about $72,000. 55.11% of the stock is owned by hedge funds and other institutional investors.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ:CZWI opened at $20.40 on Monday. The firm’s 50 day simple moving average is $20.41 and its 200-day simple moving average is $18.82. Citizens Community Bancorp, Inc. has a one year low of $12.83 and a one year high of $22.62. The firm has a market cap of $196.66 million, a PE ratio of 13.33 and a beta of 0.52.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, April 27th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $16.11 million during the quarter, compared to analyst estimates of $15.70 million. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%. Equities research analysts predict that Citizens Community Bancorp, Inc. will post 1.81 EPS for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.1%. Citizens Community Bancorp’s dividend payout ratio is presently 27.45%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Citizens Community Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Citizens Community Bancorp presently has an average rating of “Moderate Buy”.

Insider Activity

In other news, Director James D. Moll sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $21.00, for a total transaction of $63,000.00. Following the transaction, the director owned 35,463 shares in the company, valued at approximately $744,723. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 3,350 shares of company stock worth $69,815. 4.10% of the stock is currently owned by corporate insiders.

Citizens Community Bancorp Profile

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.