Citizens Community Bancorp, Inc. (NASDAQ:CZWI) to Issue Dividend Increase - $0.36 Per Share

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) declared an annual dividend on Thursday, January 23rd,Wall Street Journal reports. Investors 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 increased its dividend payment by an average of 11.6% annually over the last three years. Citizens Community Bancorp has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings.

Citizens Community Bancorp Price Performance

CZWI stock traded up $0.05 during mid-day trading on Friday, reaching $15.85. 11,398 shares of the company's stock were exchanged, compared to its average volume of 22,188. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. Citizens Community Bancorp has a 12-month low of $10.14 and a 12-month high of $17.04. The stock's 50 day moving average is $16.28 and its 200 day moving average is $14.51. The company has a market cap of $158.98 million, a price-to-earnings ratio of 11.92 and a beta of 1.08.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.79% and a return on equity of 7.87%. On average, research analysts expect that Citizens Community Bancorp will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Citizens Community Bancorp from a "buy" rating to a "hold" rating in a research report 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.