Empowered Funds LLC Purchases New Holdings in Citizens Community Bancorp, Inc. $CZWI

Empowered Funds LLC purchased a new stake in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 71,318 shares of the bank’s stock, valued at approximately $1,668,000.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Citizens Community Bancorp by 59.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank’s stock worth $602,000 after purchasing an additional 15,582 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Citizens Community Bancorp by 108.2% in the first quarter. Jane Street Group LLC now owns 41,813 shares of the bank’s stock valued at $601,000 after buying an additional 21,726 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Citizens Community Bancorp by 116.2% in the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock valued at $2,958,000 after buying an additional 115,171 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Citizens Community Bancorp during the second quarter worth $63,000. Finally, New York State Common Retirement Fund acquired a new position in Citizens Community Bancorp during the second quarter worth $102,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Stock Up 1.7%

Shares of NASDAQ:CZWI opened at $21.83 on Friday. Citizens Community Bancorp, Inc. has a 12-month low of $14.61 and a 12-month high of $24.42. The stock has a market cap of $210.66 million, a PE ratio of 16.66 and a beta of 0.50. The business has a 50 day moving average of $22.08 and a 200-day moving average of $20.74.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. Equities research analysts expect that Citizens Community Bancorp, Inc. will post 1.64 earnings per share for the current year.

Citizens Community Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio is currently 32.06%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CZWI shares. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Friday, July 10th. Wall Street Zen downgraded shares of Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Brean Capital lowered shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Friday, August 7th. Zacks Research cut shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Citigroup downgraded shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Company 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.