Citizens Community Bancorp, Inc. (NASDAQ:CZWI) to Issue Annual Dividend of $0.36

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) announced an annual dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders 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 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% annually over the last three years. Citizens Community Bancorp has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings.

Citizens Community Bancorp Stock Up 0.2 %

CZWI stock opened at $15.91 on Wednesday. The business’s 50-day moving average price is $16.25 and its 200-day moving average price is $14.62. The stock has a market cap of $159.53 million, a P/E ratio of 11.96 and a beta of 1.07. Citizens Community Bancorp has a twelve month low of $10.14 and a twelve month high of $17.04. 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 posted its quarterly earnings results on Monday, January 27th. The bank reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. Citizens Community Bancorp had a net margin of 13.79% and a return on equity of 7.87%. On average, equities research analysts forecast that Citizens Community Bancorp will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

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

Citizens Community Bancorp Company Profile

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.