Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Sees Large Drop in Short Interest

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 83,400 shares, a drop of 7.9% from the June 15th total of 90,600 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is presently 13.0 days. Currently, 0.9% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Citizens Community Bancorp in a research note on Wednesday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Citizens Community Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in CZWI. Vanguard Group Inc. lifted its holdings in Citizens Community Bancorp by 309.5% during the 1st quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock worth $7,420,000 after purchasing an additional 461,594 shares during the last quarter. Gendell Jeffrey L lifted its holdings in shares of Citizens Community Bancorp by 8.7% during the first quarter. Gendell Jeffrey L now owns 250,959 shares of the bank’s stock worth $3,049,000 after buying an additional 20,000 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Citizens Community Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 51,324 shares of the bank’s stock valued at $624,000 after acquiring an additional 3,850 shares during the period. Acadian Asset Management LLC grew its stake in shares of Citizens Community Bancorp by 37.3% in the first quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock valued at $465,000 after acquiring an additional 10,445 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Citizens Community Bancorp during the first quarter worth about $236,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Stock Up 2.9 %

Citizens Community Bancorp stock opened at $12.49 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $11.38 and its 200-day moving average is $11.56. The firm has a market capitalization of $130.02 million, a PE ratio of 9.68 and a beta of 1.06. Citizens Community Bancorp has a fifty-two week low of $8.47 and a fifty-two week high of $12.61.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, April 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.13. The business had revenue of $25.94 million during the quarter, compared to the consensus estimate of $13.90 million. Citizens Community Bancorp had a return on equity of 8.14% and a net margin of 13.69%. Sell-side analysts anticipate that Citizens Community Bancorp will post 1.22 earnings per share for the current year.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.