Citizens Community Bancorp, Inc. (NASDAQ:CZWI – Get Free Report) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $23.50.
CZWI has been the subject of a number of research reports. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Friday, August 7th. Weiss Ratings cut Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded Citizens Community Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the company from $21.00 to $24.00 in a research note on Friday, July 10th.
Get Our Latest Research Report on Citizens Community Bancorp
Citizens Community Bancorp Stock Performance
Citizens Community Bancorp (NASDAQ:CZWI – Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. The firm had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million. As a group, equities analysts forecast that Citizens Community Bancorp will post 1.64 earnings per share for the current year.
Citizens Community Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid 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 yield of 2.0%. Citizens Community Bancorp’s payout ratio is currently 32.06%.
Institutional Investors Weigh In On Citizens Community Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of CZWI. Hsbc Holdings PLC lifted its holdings in shares of Citizens Community Bancorp by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock valued at $540,000 after acquiring an additional 1,044 shares during the period. Bank of America Corp DE boosted its stake in shares of Citizens Community Bancorp by 12.2% in the 1st quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock valued at $271,000 after purchasing an additional 1,494 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Citizens Community Bancorp by 6.2% in the 1st quarter. Empowered Funds LLC now owns 68,613 shares of the bank’s stock worth $1,359,000 after purchasing an additional 4,028 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Citizens Community Bancorp in the 2nd quarter worth about $187,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Citizens Community Bancorp by 21.1% in the 1st quarter. Renaissance Technologies LLC now owns 53,400 shares of the bank’s stock worth $1,057,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors own 55.11% of the company’s stock.
About Citizens Community Bancorp
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.
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