Citizens Community Bancorp, Inc. (NASDAQ:CZWI) to Issue Dividend Increase – $0.36 Per Share

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) declared an annual dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.36 per share by the bank on Friday, February 21st. This represents a dividend yield of 2%. The ex-dividend date is Friday, February 7th. This is a boost from Citizens Community Bancorp’s previous annual dividend of $0.32.

Citizens Community Bancorp has increased its dividend by an average of 11.6% per year over the last three years. Citizens Community Bancorp has a payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens Community Bancorp to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 24.4%.

Citizens Community Bancorp Stock Performance

CZWI stock opened at $15.72 on Wednesday. The company has a 50-day simple moving average of $16.26 and a 200 day simple moving average of $14.49. The company has a market capitalization of $157.67 million, a P/E ratio of 11.15 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. Citizens Community Bancorp has a fifty-two week low of $10.14 and a fifty-two week high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. Sell-side analysts predict that Citizens Community Bancorp will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Citizens Community Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.