Hillsdale Investment Management Inc. Acquires Shares of 13,900 Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Hillsdale Investment Management Inc. acquired a new stake in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,900 shares of the bank’s stock, valued at approximately $226,000. Hillsdale Investment Management Inc. owned about 0.14% of Citizens Community Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CZWI. Barclays PLC purchased a new position in Citizens Community Bancorp during the 3rd quarter valued at $48,000. Ritholtz Wealth Management bought a new stake in Citizens Community Bancorp during the 4th quarter valued at $240,000. Empowered Funds LLC grew its stake in Citizens Community Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 59,332 shares of the bank’s stock valued at $967,000 after purchasing an additional 1,100 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Citizens Community Bancorp by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 104,125 shares of the bank’s stock worth $1,476,000 after buying an additional 1,732 shares during the last quarter. Finally, Fourthstone LLC purchased a new position in Citizens Community Bancorp in the third quarter worth $1,520,000. 55.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Citizens Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 17th.

Citizens Community Bancorp Trading Up 0.9 %

Shares of Citizens Community Bancorp stock opened at $14.69 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. Citizens Community Bancorp, Inc. has a 12-month low of $10.14 and a 12-month high of $17.04. The firm has a market capitalization of $146.75 million, a price-to-earnings ratio of 11.05 and a beta of 1.12. The firm’s 50 day simple moving average is $15.31 and its two-hundred day simple moving average is $15.14.

Citizens Community Bancorp (NASDAQ:CZWI) last released its earnings results on Monday, January 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Citizens Community Bancorp had a return on equity of 7.87% and a net margin of 13.79%. Analysts predict that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current year.

Citizens Community Bancorp Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.36 per share. This is an increase from Citizens Community Bancorp’s previous annual dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a dividend yield of 2%. Citizens Community Bancorp’s payout ratio is 27.07%.

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.