Brokerages Expect Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Will Announce Quarterly Sales of $16.50 Million

Wall Street brokerages expect that Citizens Community Bancorp, Inc. (NASDAQ:CZWI) will report sales of $16.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Citizens Community Bancorp’s earnings, with the lowest sales estimate coming in at $16.40 million and the highest estimate coming in at $16.60 million. Citizens Community Bancorp posted sales of $16.97 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.8%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 26th.

According to Zacks, analysts expect that Citizens Community Bancorp will report full year sales of $67.05 million for the current year, with estimates ranging from $67.00 million to $67.10 million. For the next year, analysts forecast that the firm will report sales of $60.70 million, with estimates ranging from $60.50 million to $60.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Citizens Community Bancorp.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Sunday, July 25th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.10. The business had revenue of $16.62 million during the quarter, compared to analyst estimates of $15.85 million. Citizens Community Bancorp had a return on equity of 10.79% and a net margin of 21.41%.

NASDAQ:CZWI traded down $0.25 during trading hours on Monday, hitting $13.70. 9,196 shares of the company were exchanged, compared to its average volume of 22,944. The stock has a market capitalization of $146.36 million, a price-to-earnings ratio of 8.73 and a beta of 1.20. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.68. Citizens Community Bancorp has a one year low of $6.70 and a one year high of $14.81. The company has a fifty day simple moving average of $13.79 and a 200 day simple moving average of $13.43.

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Citizens Community Bancorp in the 1st quarter worth about $35,000. Globeflex Capital L P bought a new position in shares of Citizens Community Bancorp in the 2nd quarter worth about $59,000. Morgan Stanley bought a new position in shares of Citizens Community Bancorp in the 2nd quarter worth about $103,000. Commonwealth Equity Services LLC bought a new position in shares of Citizens Community Bancorp in the 1st quarter worth about $164,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Citizens Community Bancorp by 1,543.7% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 16,092 shares of the bank’s stock worth $220,000 after acquiring an additional 15,113 shares in the last quarter. 49.93% of the stock is owned by hedge funds and other institutional investors.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal Bank. It provides commercial, agricultural and consumer banking services. The company was founded in 2004 and is headquartered in Eau Claire, WI.

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Earnings History and Estimates for Citizens Community Bancorp (NASDAQ:CZWI)

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