Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Plans Dividend Increase – $0.12 Per Share

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be paid a dividend of $0.12 per share by the bank on Friday, November 20th. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. This is a 14.3% increase from Citizens Community Bancorp’s previous quarterly dividend of $0.1050.

Citizens Community Bancorp has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 6 years. Citizens Community Bancorp has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Community Bancorp to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.3%.

Citizens Community Bancorp Price Performance

CZWI stock opened at $23.77 on Wednesday. Citizens Community Bancorp has a 1-year low of $15.94 and a 1-year high of $24.42. The business has a fifty day moving average price of $21.66 and a 200-day moving average price of $20.72. The stock has a market capitalization of $229.38 million, a P/E ratio of 15.85 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, October 26th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Citizens Community Bancorp had a return on equity of 7.65% and a net margin of 14.56%. The firm had revenue of $17.37 million for the quarter, compared to the consensus estimate of $16.90 million. As a group, analysts anticipate that Citizens Community Bancorp will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Friday, August 7th. Zacks Research downgraded shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Citizens Community Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Hovde Group cut shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $21.00 to $24.00 in a report on Friday, July 10th. Finally, Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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 Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.