Net earnings as adjusted (non-GAAP) 1 was $3.4 M or $0.30 per diluted share for the quarter ended September 30, 2019 contrast to $2.6 M of $0.23 per diluted share for the quarter ended June 30, 2019. The current quarter results were affected by $2.9 M of acquisition-related costs which minimized net income by $0.19 per diluted share. Included in GAAP net income and net earnings as changed for the quarter ended September 30, 2019, was the revenues effect from F&M of about $0.03 per diluted share, prior to merger charges. The June 2019 quarter operations showed a $2.3 M gain on the sale of a branch, or $0.15 per diluted share. This gain was omitted from net earnings as changed and modestly offset by the addition of $206,000 of pre-tax acquisition-related expenses which included $0.01 per diluted share.
The stock transacted 2398 shares during most recent day nevertheless it has a typical volume of 10.18 K shares. The company has 11.11 M of outstanding shares and 10.59 M shares were drifted in the market.
Citizens Community Bancorp, Inc. (the “Company”) (CZWI), the parent business of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), recently specified revenues of $1.2 M, or $0.11 per diluted share, for the quarter ended September 30, 2019, contrast to $4.1 M, or $0.37 per diluted share, for the previous quarter ended June 30, 2019. In the September 2019 quarter, the Company took advantage of (1) the complete quarter impact of the F. & & M. Bancorp. of Tomah, Inc. (” F&M”) acquisition, internet of merger charge factors to consider, (2) strong loan charge income from business activity, (3) an annual debit card incentive and (4) minimized FDIC insurance evaluations Because of the FDIC application of Small Bank Assessment Credits to our current quarter invoice. These items were partially offset by (1) increased loan servicing amortization arising from greater prepayments and (2) greater than regular marketing costs as CCFBank continues to execute on its plan of brand awareness with current acquisitions.
At June 30, 2019, F&M had overall properties of $192.3 M, gross loans of $130.3 M, and deposits of $148.5 M.
On October 24, 2019, the Board of Directors accepted a stock repurchase program. Under this program the Company may buy up to about 5% of the present impressive shares of its normal stock, from time to time through October 1, 2020. The repurchase program permits shares to be bought in open market or personal deals, through block trades, and pursuant to any trading strategy that might be embraced in accordance with Rule 10b5-1 of the Securities and Exchange commission.
Repurchases might be made at managements discretion at rates management thinks about to be attractive and in the best interests of both the Company and its shareholders, subject to the availability of stock, basic market conditions, the appropriate trading price, future alternative beneficial usages for capital, and the Companys monetary efficiency. Free market purchases will be conducted in accordance with the limitations stated in Rule 10b-18 of the Securities and Exchange Commission and other appropriate legal requirements.
Its revenues per share (EPS) anticipated to touch remained -81.70% for this year. CZWI has an operating margin of 62.70% while its revenue margin stayed 7.40% for the last 12 months. The price continued of 2.26% from the mean of 20 days, 2.31% from mean of 50 days SMA and carried out -0.26% from mean of 200 days rate. Companys performance for the week was 1.99%, 3.76% for month and YTD efficiency stayed 3.67%.
On 06 Nov 2019, Citizens Community Bancorp, Inc. (NASDAQ: CZWI) found trading -12.40% off 52-week high price. On the other end, the stock has actually been noted 7.62% away from the low cost over the last 52-weeks. The stock altered 0.00% to recent value of $11.3. The stock transacted 2398 shares throughout latest day however it has a typical volume of 10.18 K shares. The business has 11.11 M of impressive shares and 10.59 M shares were drifted in the market.
Citizens Community Bancorp, Inc. (the “Company”) (CZWI), the moms and dad company of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), just recently specified earnings of $1.2 M, or $0.11 per diluted share, for the quarter ended September 30, 2019, contrast to $4.1 M, or $0.37 per diluted share, for the previous quarter ended June 30, 2019. Net income as adjusted (non-GAAP) 1 was $3.4 M or $0.30 per diluted share for the quarter ended September 30, 2019 contrast to $2.6 M of $0.23 per diluted share for the quarter ended June 30, 2019.