Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Receives $23.50 Consensus Target Price from Brokerages

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.50.

A number of analysts recently issued reports on CZWI shares. Brean Capital downgraded 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 research report on Friday, August 7th. Citigroup downgraded Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Hovde Group cut shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $21.00 to $24.00 in a research report on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday.

Citizens Community Bancorp Stock Performance

CZWI stock opened at $20.92 on Friday. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The stock has a market capitalization of $201.88 million, a P/E ratio of 15.97 and a beta of 0.51. The company has a 50 day moving average price of $22.19 and a two-hundred day moving average price of $20.52.

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

Citizens Community Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors 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 32.06%.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of Citizens Community Bancorp by 59.2% during the first quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank’s stock worth $602,000 after acquiring an additional 15,582 shares during the last quarter. Empowered Funds LLC raised its stake in Citizens Community Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after acquiring an additional 2,041 shares in the last quarter. Jane Street Group LLC raised its position in shares of Citizens Community Bancorp by 108.2% during the 1st quarter. Jane Street Group LLC now owns 41,813 shares of the bank’s stock worth $601,000 after buying an additional 21,726 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Citizens Community Bancorp by 116.2% during 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 in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Citizens Community Bancorp in the 2nd quarter worth approximately $63,000. 55.11% of the stock is currently owned by institutional investors.

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.