Citizens Community Bancorp (NASDAQ:CZWI) Stock Rating Lowered by Zacks Research

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CZWI. Weiss Ratings cut Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $21.00 to $24.00 in a research note on Friday, July 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Citizens Community Bancorp Stock Down 0.8%

NASDAQ CZWI opened at $21.83 on Wednesday. Citizens Community Bancorp has a twelve month low of $14.40 and a twelve month high of $24.42. The stock has a market cap of $210.44 million, a P/E ratio of 16.66 and a beta of 0.50. The company’s 50-day simple moving average is $22.03 and its 200 day simple moving average is $20.26.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly 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). The business 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 6.80% and a net margin of 12.94%. Research analysts anticipate that Citizens Community Bancorp will post 1.82 earnings per share for the current year.

Insider Activity

In other news, Director James D. Moll sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $21.00, for a total transaction of $63,000.00. Following the sale, the director directly owned 35,463 shares of the company’s stock, valued at $744,723. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 2,250 shares of company stock worth $46,770 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Citizens Community Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in Citizens Community Bancorp by 37.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank’s stock valued at $45,000 after buying an additional 768 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Citizens Community Bancorp by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock valued at $540,000 after acquiring an additional 1,044 shares during the period. Ritholtz Wealth Management boosted its holdings in 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 acquiring an additional 1,268 shares during the last quarter. Barclays PLC boosted its holdings in Citizens Community Bancorp by 3.7% in 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 last quarter. Finally, Bank of America Corp DE increased its position in 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 worth $271,000 after purchasing an additional 1,494 shares during the period. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Company 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.