Brokerages Set Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Target Price at $23.50

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.50.

CZWI has been the topic of a number of research reports. Wall Street Zen lowered Citizens Community Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, August 7th. Weiss Ratings upgraded Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Hovde Group downgraded Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Friday, July 10th. Finally, Zacks Research cut shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th.

Citizens Community Bancorp Trading Up 0.8%

CZWI opened at $21.07 on Friday. The stock has a market capitalization of $203.33 million, a P/E ratio of 16.08 and a beta of 0.51. Citizens Community Bancorp has a 12 month low of $14.61 and a 12 month high of $24.42. The firm’s fifty day simple moving average is $22.21 and its 200 day simple moving average is $20.59.

Citizens Community Bancorp (NASDAQ:CZWI) last announced 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 company had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. On average, equities research analysts predict that Citizens Community Bancorp will post 1.64 EPS for the current fiscal 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 given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 annualized dividend and a yield of 2.0%. Citizens Community Bancorp’s payout ratio is 32.06%.

Hedge Funds Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Citizens Community Bancorp by 611.1% during the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock worth $28,000 after purchasing an additional 1,760 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Citizens Community Bancorp by 858.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank’s stock worth $41,000 after buying an additional 2,687 shares during the period. Bank of America Corp DE boosted its holdings in shares of Citizens Community Bancorp by 5,348.0% during the 2nd quarter. Bank of America Corp DE now owns 4,086 shares of the bank’s stock worth $56,000 after buying an additional 4,011 shares during the period. JPMorgan Chase & Co. acquired a new position in Citizens Community Bancorp in the 2nd quarter valued at about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Citizens Community Bancorp in the 2nd quarter valued at about $72,000. 55.11% of the stock is owned by institutional investors.

About Citizens Community Bancorp

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.