Citizens Community Bancorp (NASDAQ:CZWI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a sell rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Brean Capital lowered shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Friday, August 7th. 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. Finally, Hovde Group cut shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.50.

Citizens Community Bancorp Price Performance

Shares of CZWI stock opened at $21.08 on Friday. The stock has a market cap of $203.42 million, a P/E ratio of 16.09 and a beta of 0.50. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The stock has a fifty day moving average price of $21.31 and a 200 day moving average price of $21.35.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly 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 business had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million. Equities research analysts anticipate that Citizens Community Bancorp will post 1.64 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.1050 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio (DPR) is 32.06%.

Institutional Investors Weigh In On Citizens Community Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Citizens Community Bancorp during the 2nd quarter worth about $14,797,000. The Manufacturers Life Insurance Company bought a new position in shares of Citizens Community Bancorp in the 2nd quarter valued at about $11,247,000. Rhino Investment Partners Inc bought a new position in shares of Citizens Community Bancorp in the 1st quarter valued at about $3,214,000. Pinnacle Holdings LLC bought a new position in shares of Citizens Community Bancorp in the 2nd quarter valued at about $2,135,000. Finally, Empowered Funds LLC acquired a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth approximately $1,668,000. Institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Company Profile

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.