Daytona Street Capital LLC Sells 25,000 Shares of Citizens Community Bancorp, Inc. $CZWI

Daytona Street Capital LLC lessened its holdings in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 22.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,911 shares of the bank’s stock after selling 25,000 shares during the period. Citizens Community Bancorp accounts for approximately 1.2% of Daytona Street Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Daytona Street Capital LLC owned about 0.88% of Citizens Community Bancorp worth $1,823,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Citizens Community Bancorp in the 2nd quarter valued at about $1,668,000. Bank of America Corp DE purchased a new position in Citizens Community Bancorp in the 2nd quarter worth approximately $286,000. Hsbc Holdings PLC acquired a new position in shares of Citizens Community Bancorp during the 2nd quarter worth approximately $1,245,000. The Manufacturers Life Insurance Company acquired a new position in shares of Citizens Community Bancorp during the 2nd quarter worth approximately $11,247,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Citizens Community Bancorp during the 2nd quarter worth approximately $2,135,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Zacks Research lowered Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Hovde Group downgraded Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $21.00 to $24.00 in a research report on Friday, July 10th. Weiss Ratings lowered Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Citigroup lowered Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Citizens Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Trading Up 0.5%

Citizens Community Bancorp stock opened at $21.11 on Friday. The company has a 50-day moving average price of $21.27 and a 200 day moving average price of $21.39. Citizens Community Bancorp, Inc. has a 12-month low of $14.61 and a 12-month high of $24.42. The stock has a market cap of $203.71 million, a P/E ratio of 16.11 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its 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). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The firm had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. As a group, analysts forecast that Citizens Community Bancorp, Inc. will post 1.44 EPS for the current 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 issued a dividend of $0.1050 per share. 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 dividend payout ratio (DPR) is currently 32.06%.

Citizens Community Bancorp Profile

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.