Citizens Community Bancorp (NASDAQ:CZWI) Downgraded to Market Perform Rating by Hovde Group

Hovde Group downgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from an outperform rating to a market perform rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have $24.00 price objective on the bank’s stock, up from their previous price objective of $21.00.

CZWI has been the subject of a number of other research reports. Weiss Ratings cut shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Zacks Research upgraded Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Citizens Community Bancorp Trading Up 0.1%

CZWI traded up $0.02 on Friday, hitting $23.05. 78,880 shares of the stock traded hands, compared to its average volume of 121,317. Citizens Community Bancorp has a 52 week low of $14.40 and a 52 week high of $24.42. The firm has a market capitalization of $222.20 million, a PE ratio of 15.07 and a beta of 0.50. The business has a fifty day moving average price of $21.48 and a two-hundred day moving average price of $19.77.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data on Monday, April 27th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.00%. The company had revenue of $16.11 million during the quarter, compared to analysts’ expectations of $15.70 million. On average, equities research analysts forecast that Citizens Community Bancorp will post 1.81 EPS for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.105 per share. The ex-dividend date was Friday, May 8th. This represents a $0.42 annualized dividend and a dividend yield of 1.8%. Citizens Community Bancorp’s payout ratio is presently 27.45%.

Insider Buying and Selling at Citizens Community Bancorp

In other news, Director James D. Moll sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $21.00, for a total value of $63,000.00. Following the transaction, the director directly owned 35,463 shares in the company, valued at $744,723. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 3,350 shares of company stock valued at $69,815. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Citizens Community Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC bought a new stake in shares of Citizens Community Bancorp in the 4th quarter valued at about $2,702,000. UBS Group AG grew its holdings in Citizens Community Bancorp by 123.9% during the fourth quarter. UBS Group AG now owns 169,805 shares of the bank’s stock valued at $3,026,000 after purchasing an additional 93,952 shares during the period. Ritholtz Wealth Management grew its holdings in Citizens Community Bancorp by 3.9% during the fourth quarter. Ritholtz Wealth Management now owns 34,118 shares of the bank’s stock valued at $608,000 after purchasing an additional 1,268 shares during the period. RFG Bristol Wealth Advisors LLC increased its stake in Citizens Community Bancorp by 4.5% in the fourth quarter. RFG Bristol Wealth Advisors LLC now owns 92,950 shares of the bank’s stock valued at $1,656,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Citizens Community Bancorp by 5,348.0% in the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank’s stock valued at $56,000 after purchasing an additional 4,011 shares in the last quarter. Institutional investors and hedge funds own 55.11% of the company’s stock.

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.