Citizens Community Bancorp (NASDAQ:CZWI) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings downgraded shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Citizens Community Bancorp Trading Up 2.4%

Shares of CZWI stock opened at $23.95 on Tuesday. Citizens Community Bancorp has a 12 month low of $14.04 and a 12 month high of $24.06. The company has a market capitalization of $230.88 million, a P/E ratio of 15.65 and a beta of 0.50. The stock has a 50 day moving average of $21.14 and a two-hundred day moving average of $19.54.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings data on Monday, April 27th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $15.70 million. Citizens Community Bancorp had a return on equity of 8.00% and a net margin of 15.02%. Sell-side analysts predict that Citizens Community Bancorp will post 1.81 earnings per share for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.105 per share. The ex-dividend date was Friday, May 8th. This represents a $0.42 dividend on an annualized basis and a yield of 1.8%. Citizens Community Bancorp’s dividend payout ratio (DPR) is currently 27.45%.

Insiders Place Their Bets

In other news, Director James D. Moll sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 33,463 shares in the company, valued at approximately $688,668.54. This represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 3,350 shares of company stock worth $69,815 over the last 90 days. 4.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Citizens Community Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Daytona Street Capital LLC bought a new position in Citizens Community Bancorp in the 4th quarter valued at $2,702,000. UBS Group AG grew its holdings in shares of Citizens Community Bancorp by 123.9% during the fourth quarter. UBS Group AG now owns 169,805 shares of the bank’s stock worth $3,026,000 after purchasing an additional 93,952 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Citizens Community Bancorp by 58.4% in the third quarter. JPMorgan Chase & Co. now owns 7,210 shares of the bank’s stock valued at $116,000 after buying an additional 2,659 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Citizens Community Bancorp by 3.9% in the fourth quarter. Ritholtz Wealth Management now owns 34,118 shares of the bank’s stock valued at $608,000 after buying an additional 1,268 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC raised its holdings in shares of Citizens Community Bancorp by 4.5% in the fourth quarter. RFG Bristol Wealth Advisors LLC now owns 92,950 shares of the bank’s stock valued at $1,656,000 after buying an additional 4,000 shares during the last quarter. 55.11% of the stock is owned by 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.