Citizens Community Bancorp (NASDAQ:CZWI) Cut to Hold at StockNews.com

StockNews.com cut shares of Citizens Community Bancorp (NASDAQ:CZWI) from a buy rating to a hold rating in a report issued on Thursday morning.

Citizens Community Bancorp Price Performance

Citizens Community Bancorp stock opened at $16.00 on Thursday. The firm has a market cap of $160.48 million, a P/E ratio of 11.35 and a beta of 1.08. Citizens Community Bancorp has a one year low of $10.14 and a one year high of $17.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day moving average is $16.23 and its 200 day moving average is $14.41.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its earnings results on Monday, October 28th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $25.43 million for the quarter, compared to analysts’ expectations of $14.00 million. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. As a group, research analysts expect that Citizens Community Bancorp will post 1.34 EPS for the current year.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of CZWI. Empowered Funds LLC increased its holdings in Citizens Community Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,232 shares of the bank’s stock worth $825,000 after acquiring an additional 2,948 shares during the period. Barclays PLC purchased a new position in shares of Citizens Community Bancorp during the 3rd quarter valued at $48,000. Geode Capital Management LLC increased its holdings in shares of Citizens Community Bancorp by 1.7% in the third quarter. Geode Capital Management LLC now owns 104,125 shares of the bank’s stock worth $1,476,000 after purchasing an additional 1,732 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Citizens Community Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 280,698 shares of the bank’s stock worth $3,248,000 after buying an additional 2,986 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Citizens Community Bancorp by 10.4% during the second quarter. Commonwealth Equity Services LLC now owns 21,254 shares of the bank’s stock valued at $246,000 after buying an additional 2,000 shares during the period. 55.11% of the stock is owned by hedge funds and other institutional investors.

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.