Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Increases Dividend to $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 payment by an average of 11.6% per year over the last three years. Citizens Community Bancorp has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. 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

NASDAQ:CZWI traded down $0.19 during mid-day trading on Tuesday, reaching $15.72. 28,567 shares of the stock were exchanged, compared to its average volume of 22,321. The stock has a market capitalization of $157.67 million, a P/E ratio of 11.15 and a beta of 1.08. Citizens Community Bancorp has a 1 year low of $10.14 and a 1 year high of $17.04. The company has a 50 day simple moving average of $16.25 and a 200-day simple moving average of $14.46. 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 (NASDAQ:CZWI) last released its earnings results on Monday, January 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. Analysts anticipate that Citizens Community Bancorp will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Citizens Community Bancorp from a “buy” rating to a “hold” rating in a research note 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.