Citizens Community Bancorp (NASDAQ:CZWI) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

CZWI has been the subject of several other reports. Weiss Ratings cut shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Citigroup lowered shares of Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Hovde Group cut shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Community Bancorp presently has a consensus rating of “Hold” and an average price target of $23.50.

Citizens Community Bancorp Trading Down 1.4%

Citizens Community Bancorp stock opened at $21.10 on Friday. The stock has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $21.32. Citizens Community Bancorp has a 12 month low of $14.61 and a 12 month high of $24.42. The company has a market capitalization of $203.62 million, a PE ratio of 16.11 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. As a group, analysts predict that Citizens Community Bancorp will post 1.64 earnings per share for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.1050 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. Citizens Community Bancorp’s payout ratio is 32.06%.

Institutional Investors Weigh In On Citizens Community Bancorp

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its stake in Citizens Community Bancorp by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock valued at $540,000 after purchasing an additional 1,044 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Citizens Community Bancorp by 12.2% in the first quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock valued at $271,000 after buying an additional 1,494 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Citizens Community Bancorp by 6.2% during the first quarter. Empowered Funds LLC now owns 68,613 shares of the bank’s stock valued at $1,359,000 after buying an additional 4,028 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Citizens Community Bancorp during the second quarter worth about $187,000. Finally, Renaissance Technologies LLC increased its position in shares of Citizens Community Bancorp by 21.1% during the first quarter. Renaissance Technologies LLC now owns 53,400 shares of the bank’s stock worth $1,057,000 after acquiring an additional 9,300 shares in the last quarter. 55.11% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is the bank holding company for Citizens Community Federal National Association, a community-focused financial institution headquartered in Eau Claire, Wisconsin. Through its banking subsidiary, the company provides financial services to individuals, families, farmers, and businesses.

Citizens Community Federal offers deposit products, including checking, savings, money market, and certificate accounts, along with residential mortgage, consumer, commercial, agricultural, and commercial real estate lending.