Pinnacle Holdings LLC Makes New $2.13 Million Investment in Citizens Community Bancorp, Inc. $CZWI

Pinnacle Holdings LLC bought a new position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) during the second quarter, HoldingsChannel.com reports. The fund bought 91,262 shares of the bank’s stock, valued at approximately $2,135,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Citizens Community Bancorp during the 2nd quarter valued at about $14,797,000. Wellington Management Group LLP increased its stake in Citizens Community Bancorp by 123.3% during the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock worth $12,321,000 after acquiring an additional 381,805 shares during the last quarter. Rhino Investment Partners Inc purchased a new stake in Citizens Community Bancorp during the first quarter valued at approximately $3,214,000. Geode Capital Management LLC raised its position in Citizens Community Bancorp by 116.2% during the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock valued at $2,958,000 after purchasing an additional 115,171 shares during the period. Finally, UBS Group AG lifted its stake in shares of Citizens Community Bancorp by 123.9% in the 4th quarter. UBS Group AG now owns 169,805 shares of the bank’s stock valued at $3,026,000 after purchasing an additional 93,952 shares during the last quarter. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Community Bancorp Price Performance

Shares of Citizens Community Bancorp stock opened at $21.07 on Monday. Citizens Community Bancorp, Inc. has a 1 year low of $14.61 and a 1 year high of $24.42. The stock has a market cap of $203.33 million, a price-to-earnings ratio of 16.08 and a beta of 0.51. The firm’s 50-day moving average is $22.21 and its two-hundred day moving average is $20.60.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%.The firm had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.30 million. On average, equities analysts expect that Citizens Community Bancorp, Inc. will post 1.64 earnings per share for the current year.

Citizens Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.105 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.42 dividend on an annualized basis and a yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio (DPR) is 32.06%.

Analyst Ratings Changes

CZWI has been the topic of several recent research reports. Weiss Ratings lowered Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. Wall Street Zen cut shares of Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zacks Research downgraded shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Brean Capital lowered shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Profile

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.