Citizens Community Bancorp (NASDAQ:CZWI – Get Free Report) was downgraded by equities researchers at Brean Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $23.00 price objective on the bank’s stock. Brean Capital’s price objective points to a potential upside of 6.14% from the stock’s previous close.
Several other research firms have also recently weighed in on CZWI. Zacks Research cut Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings cut Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Finally, Hovde Group downgraded shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $21.00 to $24.00 in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.50.
View Our Latest Stock Analysis on CZWI
Citizens Community Bancorp Price Performance
Citizens Community Bancorp (NASDAQ:CZWI – Get Free Report) last announced its earnings results on Monday, July 27th. The bank reported $0.11 EPS 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 6.80%. The firm had revenue of $16.11 million during the quarter, compared to analysts’ expectations of $16.30 million. As a group, sell-side analysts anticipate that Citizens Community Bancorp will post 1.82 EPS for the current year.
Insider Buying and Selling
In related news, Director James D. Moll sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $21.00, for a total transaction of $63,000.00. Following the completion of the transaction, the director owned 35,463 shares of the company’s stock, valued at approximately $744,723. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Citizens Community Bancorp
Several institutional investors have recently modified their holdings of CZWI. Wellington Management Group LLP boosted its stake in shares of Citizens Community Bancorp by 123.3% during the 4th quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock valued at $12,321,000 after purchasing an additional 381,805 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Citizens Community Bancorp by 0.6% during the third quarter. Vanguard Group Inc. now owns 559,094 shares of the bank’s stock valued at $8,985,000 after buying an additional 3,320 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Citizens Community Bancorp by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank’s stock valued at $6,865,000 after acquiring an additional 10,515 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $2,958,000 after purchasing an additional 115,171 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Citizens Community Bancorp by 123.9% in the 4th quarter. UBS Group AG now owns 169,805 shares of the bank’s stock worth $3,026,000 after buying an additional 93,952 shares during the last quarter. 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.
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