Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Receives $23.50 Average PT from Analysts

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.50.

CZWI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Hovde Group cut Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Citigroup lowered shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th.

Institutional Trading of Citizens Community Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of CZWI. BlackRock Inc. bought a new stake in shares of Citizens Community Bancorp in the 2nd quarter valued at approximately $14,797,000. The Manufacturers Life Insurance Company bought a new position in Citizens Community Bancorp during the second quarter valued at approximately $11,247,000. Wellington Management Group LLP raised its position in Citizens Community Bancorp by 123.3% during the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock valued at $12,321,000 after acquiring an additional 381,805 shares in the last quarter. Rhino Investment Partners Inc acquired a new stake in Citizens Community Bancorp in the first quarter valued at approximately $3,214,000. Finally, Geode Capital Management LLC lifted its stake in Citizens Community Bancorp by 116.2% in the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock valued at $2,958,000 after acquiring an additional 115,171 shares during the last quarter. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Community Bancorp Stock Down 0.8%

NASDAQ:CZWI opened at $21.88 on Wednesday. The stock has a fifty day simple moving average of $21.89 and a 200 day simple moving average of $20.87. The firm has a market capitalization of $211.14 million, a price-to-earnings ratio of 16.70 and a beta of 0.50. Citizens Community Bancorp has a 1-year low of $14.61 and a 1-year high of $24.42.

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 company 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%. Equities analysts predict that Citizens Community Bancorp will post 1.64 earnings per share for the current year.

Citizens Community Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.9%. Citizens Community Bancorp’s dividend payout ratio is 32.06%.

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.