Citizens Community Bancorp (NASDAQ:CZWI) Downgraded by Brean Capital to “Neutral”

Brean Capital lowered shares of Citizens Community Bancorp (NASDAQ:CZWI) from a buy rating to a neutral rating in a report released on Friday, Marketbeat reports. The brokerage currently has $23.00 price target on the bank’s stock.

CZWI has been the subject of several other reports. Hovde Group cut Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.50.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $20.91 on Friday. The stock has a market cap of $201.57 million, a price-to-earnings ratio of 15.96 and a beta of 0.51. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The business’s 50-day simple moving average is $22.17 and its 200 day simple moving average is $20.40.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its quarterly earnings data on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.80%. The business had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million. On average, equities research analysts predict that Citizens Community Bancorp will post 1.82 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.105 per share. The ex-dividend date is Friday, August 7th. This represents a $0.42 annualized dividend and a yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio is presently 32.06%.

Insider Transactions at Citizens Community Bancorp

In other Citizens Community Bancorp news, Director James D. Moll sold 2,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $20.58, for a total transaction of $41,160.00. Following the transaction, the director owned 33,463 shares of the company’s stock, valued at $688,668.54. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Citizens Community Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in CZWI. Wellington Management Group LLP boosted its holdings in Citizens Community Bancorp by 123.3% in the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock worth $12,321,000 after purchasing an additional 381,805 shares during the period. BlackRock Inc. acquired a new stake in shares of Citizens Community Bancorp during the second quarter worth $14,797,000. Vanguard Group Inc. raised its holdings in shares of Citizens Community Bancorp by 0.6% during the third quarter. Vanguard Group Inc. now owns 559,094 shares of the bank’s stock worth $8,985,000 after purchasing an additional 3,320 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Citizens Community Bancorp by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank’s stock worth $6,865,000 after buying an additional 10,515 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Citizens Community Bancorp by 116.2% in the 2nd quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock worth $2,958,000 after buying an additional 115,171 shares during the last quarter. 55.11% of the stock is owned by institutional investors and hedge funds.

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.