In a recent transaction, Timothy L. Olson, a director at Citizens Community Bancorp Inc. (NASDAQ:CZWI), purchased 2,000 shares of the company's common stock. The transaction, dated May 6, 2024, involved shares valued at $10.935 each, amounting to a total investment of $21,870.
This acquisition by Olson reflects a continued interest in the company's performance and future, as it increases his total holdings to 24,213 shares of Citizens Community Bancorp Inc. The purchase price per share indicates a notable commitment to the company from a key member of its board of directors.
Citizens Community Bancorp Inc., headquartered in Eau Claire, Wisconsin, operates as a federally chartered savings institution. The company's common stock is traded under the ticker CZWI and has been a part of the financial landscape, providing various banking services and products.
Investors often keep an eye on insider transactions like these for insights into how the leadership of a company is engaging with their own firm's stock. Such transactions can sometimes be seen as a signal of the insiders' confidence in the company's prospects.
The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the stock trading activities of the company's directors and executive officers.
InvestingPro Insights
Following the insider acquisition by Timothy L. Olson, Citizens Community Bancorp Inc. (NASDAQ:CZWI) continues to showcase certain financial strengths and considerations that investors may find pertinent. According to real-time data from InvestingPro, the company's market capitalization stands at $120.57 million, with a Price to Earnings (P/E) ratio of 8.28, reflecting a valuation that may appeal to value-oriented investors.
The company's revenue for the last twelve months as of Q1 2024 was reported at $60.01 million, although it experienced a slight revenue decline of 6.94% during the same period. Despite this, Citizens Community Bancorp Inc. has demonstrated an operating income margin of 35.75%, indicating a strong ability to convert revenue into operating income.
InvestingPro Tips also reveal that Citizens Community Bancorp Inc. has raised its dividend for 5 consecutive years and has maintained dividend payments for 12 consecutive years, with a current dividend yield of 2.92%. This consistent return to shareholders may be particularly attractive to income-focused investors. Moreover, analysts predict the company will be profitable this year, a sentiment reinforced by the company being profitable over the last twelve months.
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