Alliancebernstein L.P. Lowers Position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Alliancebernstein L.P. lowered its stake in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 982,126 shares of the bank's stock after selling 31,524 shares during the quarter. Alliancebernstein L.P. owned 9.79% of Citizens Community Bancorp worth $15,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CZWI. Geode Capital Management LLC increased its holdings in Citizens Community Bancorp by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 104,125 shares of the bank's stock worth $1,476,000 after purchasing an additional 1,732 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Citizens Community Bancorp by 50.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 65,724 shares of the bank's stock valued at $1,071,000 after acquiring an additional 22,025 shares in the last quarter. Empowered Funds LLC lifted its stake in Citizens Community Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 59,332 shares of the bank's stock worth $967,000 after acquiring an additional 1,100 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Citizens Community Bancorp by 36.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,958 shares of the bank's stock worth $407,000 after acquiring an additional 6,631 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Citizens Community Bancorp in the 4th quarter valued at approximately $240,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Citizens Community Bancorp Stock Up 1.5 %

Shares of NASDAQ:CZWI traded up $0.19 on Monday, hitting $12.90. 2,362 shares of the company's stock were exchanged, compared to its average volume of 16,464. The firm's 50-day moving average is $14.64 and its 200 day moving average is $15.14. The company has a market capitalization of $128.84 million, a PE ratio of 9.70 and a beta of 0.82. Citizens Community Bancorp, Inc. 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 quick ratio of 0.95 and a current ratio of 0.95.

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 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%. Sell-side analysts predict that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current year.

Citizens Community Bancorp Increases Dividend

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

Analysts Set New Price Targets

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

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.