Hillsdale Investment Management Inc. Purchases Shares of 13,900 Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Hillsdale Investment Management Inc. acquired a new position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) during the 4th quarter, HoldingsChannel reports. The fund acquired 13,900 shares of the bank’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Citizens Community Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 59,332 shares of the bank’s stock worth $967,000 after buying an additional 1,100 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 1,732 shares in the last quarter. Barclays PLC purchased a new stake in shares of Citizens Community Bancorp during the 3rd quarter worth about $48,000. Ritholtz Wealth Management purchased a new position in shares of Citizens Community Bancorp in the 4th quarter valued at about $240,000. Finally, Fourthstone LLC acquired a new position in Citizens Community Bancorp in the 3rd quarter worth about $1,520,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Citizens Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 17th.

Citizens Community Bancorp Price Performance

Shares of NASDAQ CZWI opened at $14.69 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average of $15.31 and a 200 day moving average of $15.14. The firm has a market cap of $146.75 million, a PE ratio of 11.05 and a beta of 1.12. 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) last announced its earnings results 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%. As a group, research analysts predict that Citizens Community Bancorp, Inc. will post 1.31 EPS for the current fiscal year.

Citizens Community Bancorp Increases Dividend

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