Citizens Community Bancorp (NASDAQ:CZWI) Raised to Strong-Buy at Zacks Research

Citizens Community Bancorp (NASDAQ:CZWI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings downgraded shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Citizens Community Bancorp Stock Up 2.4%

CZWI opened at $23.95 on Tuesday. The firm has a market cap of $230.88 million, a P/E ratio of 15.65 and a beta of 0.50. The business’s fifty day simple moving average is $21.14 and its 200 day simple moving average is $19.54. Citizens Community Bancorp has a 52 week low of $14.04 and a 52 week high of $24.06.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Monday, April 27th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $16.11 million during the quarter, compared to the consensus estimate of $15.70 million. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.00%. As a group, equities analysts expect that Citizens Community Bancorp will post 1.81 EPS for the current fiscal year.

Insider Activity at Citizens Community Bancorp

In related news, Director James D. Moll sold 2,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $20.58, for a total value of $41,160.00. Following the completion of the transaction, the director directly owned 33,463 shares in the company, valued at approximately $688,668.54. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 3,350 shares of company stock valued at $69,815 over the last ninety days. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Citizens Community Bancorp

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in Citizens Community Bancorp by 37.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank’s stock worth $45,000 after buying an additional 768 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Citizens Community Bancorp by 3.6% during the 4th 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 last quarter. Ritholtz Wealth Management increased its stake in shares of Citizens Community Bancorp by 3.9% during the 4th quarter. Ritholtz Wealth Management now owns 34,118 shares of the bank’s stock valued at $608,000 after acquiring an additional 1,268 shares during the last quarter. Barclays PLC lifted its holdings in shares of Citizens Community Bancorp by 3.7% during the 4th quarter. Barclays PLC now owns 37,077 shares of the bank’s stock worth $661,000 after acquiring an additional 1,323 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Citizens Community Bancorp by 12.2% during the 1st quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock worth $271,000 after acquiring an additional 1,494 shares during the period. 55.11% of the stock is currently owned by hedge funds and other 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.