Citizens Community Bancorp (NASDAQ:CZWI) Announces Earnings Results, Misses Estimates By $0.30 EPS

Citizens Community Bancorp (NASDAQ:CZWI) released its earnings results on Monday. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30), FiscalAI reports. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%.The firm had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million.

Citizens Community Bancorp Price Performance

Shares of NASDAQ CZWI opened at $23.56 on Monday. The stock’s fifty day simple moving average is $21.93 and its 200 day simple moving average is $20.16. The stock has a market capitalization of $227.12 million, a price-to-earnings ratio of 15.40 and a beta of 0.50. Citizens Community Bancorp has a 52-week low of $14.40 and a 52-week high of $24.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CZWI shares. Weiss Ratings lowered shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. Zacks Research raised shares of Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Hovde Group downgraded shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $21.00 to $24.00 in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Citizens Community Bancorp presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Insider Activity at Citizens Community Bancorp

In related news, Director James D. Moll sold 2,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $20.58, for a total value of $41,160.00. Following the completion of the transaction, the director owned 33,463 shares in the company, valued at $688,668.54. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired 3,350 shares of company stock worth $69,815 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Citizens Community Bancorp

A number of hedge funds have recently bought and sold shares of CZWI. BNP Paribas Financial Markets boosted its holdings in shares of Citizens Community Bancorp by 37.5% in the third quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank’s stock worth $45,000 after buying an additional 768 shares during the period. Barclays PLC raised its holdings in shares of Citizens Community Bancorp by 3.7% during the fourth quarter. Barclays PLC now owns 37,077 shares of the bank’s stock valued at $661,000 after acquiring an additional 1,323 shares during the period. Empowered Funds LLC lifted its position in shares of Citizens Community Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after acquiring an additional 2,041 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Citizens Community Bancorp by 5.8% in the 4th quarter. Renaissance Technologies LLC now owns 44,100 shares of the bank’s stock valued at $786,000 after acquiring an additional 2,400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Citizens Community Bancorp by 58.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,210 shares of the bank’s stock worth $116,000 after purchasing an additional 2,659 shares during the period. 55.11% of the stock is owned by hedge funds and other institutional investors.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is a bank holding company headquartered in Columbia Station, Ohio. Its primary subsidiary, Citizens Community Savings Bank, offers a range of community banking services to individuals and businesses. The company operates through a network of branch offices in Lorain and Medina counties and surrounding communities, providing personalized financial solutions with a focus on local relationships and customer service.

The bank’s deposit products include checking and savings accounts, money market accounts and certificates of deposit, while its lending portfolio features residential mortgage loans, home equity lines of credit, commercial real estate loans, and small-business financing.