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

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) declared an annual dividend on Thursday, January 23rd,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 positive change from Citizens Community Bancorp’s previous annual dividend of $0.32.

Citizens Community Bancorp has raised its dividend by an average of 11.6% per year over the last three years. Citizens Community Bancorp has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings.

Citizens Community Bancorp Trading Up 0.8 %

Shares of CZWI opened at $15.88 on Wednesday. The company has a 50 day simple moving average of $16.25 and a two-hundred day simple moving average of $14.62. Citizens Community Bancorp has a 1 year low of $10.14 and a 1 year high of $17.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $159.28 million, a P/E ratio of 11.94 and a beta of 1.07.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded Citizens Community Bancorp from a “buy” rating to a “hold” rating in a 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.