EAU CLAIRE, WI – Citizens Community Bancorp Inc. (NASDAQ:CZWI) CEO and President, Stephen M. Bianchi, purchased additional shares in the company, according to a recent SEC filing. The transaction, dated May 15, 2024, involved the acquisition of 400 shares at a price of $11.60 per share, totaling $4,640.
The purchase by Bianchi increases his direct holdings in Citizens Community Bancorp to 69,070 shares. Additionally, the filing disclosed holdings of 52,500 shares in an indirect capacity through a self-directed IRA.
Citizens Community Bancorp Inc., headquartered in Eau Claire, Wisconsin, operates as a federally chartered savings institution. The company's stock, traded under the ticker CZWI, has seen various transactions by its executives, which are often considered a reflection of their confidence in the company's future prospects.
Investors and market watchers typically monitor insider buying as it can signal executive belief in the company's performance or value. The recent acquisition by Bianchi might be interpreted as a positive indicator by the investment community, as company leaders are usually well-informed about their company's operations and potential.
The SEC filing also mentioned existing derivative holdings in the form of common stock options, which are rights to buy shares at a set price. These options are part of the company's 2008 Equity Incentive Plan, with a vesting schedule detailed in the footnotes of the document.
The purchase by the CEO of Citizens Community Bancorp underscores ongoing investment by company insiders, which is often a point of interest for current and potential shareholders.
InvestingPro Insights
Citizens Community Bancorp Inc. (NASDAQ:CZWI) has demonstrated a commitment to rewarding shareholders, as evidenced by its consistent dividend policy. With InvestingPro Tips indicating that the company has raised its dividend for 5 consecutive years and maintained dividend payments for 12 consecutive years, investors may find comfort in the company's ability to generate steady income streams. Additionally, the company's recent performance shows a high return over the last year, with a 1 Year Price Total Return of 51.53%. This may reinforce the confidence displayed by CEO Stephen M. Bianchi in his recent share purchase.
Looking at the financial metrics from InvestingPro, Citizens Community Bancorp Inc. boasts a healthy P/E Ratio of 9.11, which is even more attractive when considering the adjusted P/E Ratio for the last twelve months as of Q1 2024, which stands at 8.54. This valuation metric can be particularly appealing to value-oriented investors. Moreover, the company's Operating Income Margin for the same period is a robust 35.75%, highlighting its operational efficiency. Despite a slight dip in revenue growth of -6.94% over the last twelve months as of Q1 2024, the quarterly revenue growth shows a positive change of 6.2%, suggesting a potential rebound.
For those interested in further insights and tips on Citizens Community Bancorp Inc., InvestingPro offers additional analysis and metrics. By using the coupon code PRONEWS24, readers can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking access to a comprehensive suite of investment tools and data. There are currently 6 additional InvestingPro Tips available for CZWI, which could further guide investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.