Citizens Community Bancorp Inc. (NASDAQ:CZWI) EVP, CFO, Treasurer, and Secretary James S. Broucek has recently acquired additional shares of the company. On May 31, 2024, Broucek purchased 12 shares of common stock at a price of $11.64 per share, amounting to a total investment of $139.
This transaction has increased Broucek’s direct holdings in the company, with the shares being held in a self-directed Individual Retirement Account (IRA). Following the purchase, Broucek now directly owns 42,336 shares of Citizens Community Bancorp Inc. Additionally, Broucek holds another 20,309 shares directly, separate from the IRA.
Citizens Community Bancorp Inc., based in Eau Claire, Wisconsin, is a federally chartered savings institution. The company has been in operation for several years and is known for providing banking services and products to its customers.
Notably, Broucek also has indirect exposure to the company's stock through derivative securities. He holds options to buy 8,000 shares of common stock at a conversion price of $13.60 per share. These options are part of an award under the company's 2008 Equity Incentive Plan and are set to vest over a period ending in October 2022.
This latest acquisition by a top executive is often seen by investors as a sign of confidence in the company's future prospects. The transaction details were disclosed in a Form 4 filing with the Securities and Exchange Commission, as is required for insider transactions.
Citizens Community Bancorp Inc. is listed on the NASDAQ stock exchange under the ticker symbol CZWI. The company's stock price and financial performance are regularly monitored by investors and analysts to assess the ongoing value and stability of the institution.
InvestingPro Insights
Citizens Community Bancorp Inc. (NASDAQ:CZWI) has shown a commitment to its shareholders through consistent dividend payments. According to InvestingPro Tips, the company has raised its dividend for five consecutive years and has maintained dividend payments for 12 consecutive years. This consistent return to shareholders is coupled with the prediction by analysts that the company will be profitable this year, which has been substantiated by the company being profitable over the last twelve months as of Q1 2024.
Real-time data from InvestingPro further reveals key financial metrics for Citizens Community Bancorp Inc. The company has a market capitalization of $117.07 million USD and a price-to-earnings (P/E) ratio of 8.91, which adjusted for the last twelve months as of Q1 2024, stands slightly lower at 8.68. Moreover, the dividend yield as of the middle of 2024 is at a healthy 2.84%, reflecting the company's dedication to providing shareholder value through dividends.
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