Banc Funds Co. LLC Sells 51,749 Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Banc Funds Co. LLC trimmed its position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 508,221 shares of the bank's stock after selling 51,749 shares during the period. Banc Funds Co. LLC owned 5.06% of Citizens Community Bancorp worth $8,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CZWI. Russell Investments Group Ltd. acquired a new stake in shares of Citizens Community Bancorp in the fourth quarter worth about $31,000. Barclays PLC bought a new position in shares of Citizens Community Bancorp during the third quarter valued at $48,000. Hillsdale Investment Management Inc. bought a new stake in Citizens Community Bancorp during the 4th quarter worth approximately $226,000. Ritholtz Wealth Management bought a new position in shares of Citizens Community Bancorp in the fourth quarter worth about $240,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Citizens Community Bancorp by 36.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 24,958 shares of the bank's stock valued at $407,000 after acquiring an additional 6,631 shares during the last quarter. Institutional investors own 55.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Citizens Community Bancorp from a "buy" rating to a "hold" rating in a research note on Friday.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI traded up $0.11 during mid-day trading on Friday, reaching $13.59. 17,383 shares of the company's stock were exchanged, compared to its average volume of 16,638. The business's fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $15.11. The firm has a market capitalization of $135.76 million, a PE ratio of 10.22 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. Citizens Community Bancorp, Inc. has a one year low of $10.14 and a one year high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.27 earnings per share (EPS) 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%. Analysts anticipate that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current fiscal year.

Citizens Community Bancorp Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a dividend yield of 2%. This is a positive change from Citizens Community Bancorp's previous annual dividend of $0.32. Citizens Community Bancorp's dividend payout ratio is currently 27.07%.

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.