Citizens Community Bancorp, Inc. (CZWI) – What Are Investment Firms Thinking About This Stock?

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has received an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.50.

Several analysts have commented on CZWI shares. Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Brean Capital downgraded Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research note on Friday, August 7th. Citigroup lowered Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Hovde Group cut 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 note on Friday, July 10th. Finally, Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of CZWI. BlackRock Inc. purchased a new stake in shares of Citizens Community Bancorp in the second quarter valued at about $14,797,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Citizens Community Bancorp in the second quarter valued at approximately $11,247,000. Dimensional Fund Advisors LP grew its position in shares of Citizens Community Bancorp by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank’s stock valued at $6,865,000 after purchasing an additional 10,515 shares during the last quarter. Rhino Investment Partners Inc purchased a new position in shares of Citizens Community Bancorp during the 1st quarter worth approximately $3,214,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Citizens Community Bancorp by 22.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 147,560 shares of the bank’s stock worth $2,922,000 after purchasing an additional 26,688 shares in the last quarter. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Citizens Community Bancorp Stock Up 2.7%

Shares of NASDAQ CZWI opened at $24.40 on Thursday. The stock has a market cap of $235.46 million, a PE ratio of 16.27 and a beta of 0.51. Citizens Community Bancorp has a 52-week low of $16.11 and a 52-week high of $24.59. The business has a 50-day moving average price of $21.73 and a 200 day moving average price of $20.75.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, October 26th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. Citizens Community Bancorp had a return on equity of 7.65% and a net margin of 14.56%. The company had revenue of $17.37 million for the quarter, compared to analyst estimates of $16.90 million. Sell-side analysts anticipate that Citizens Community Bancorp will post 1.54 earnings per share for the current year.

Citizens Community Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. This is an increase from Citizens Community Bancorp’s previous quarterly dividend of $0.1050. The ex-dividend date of this dividend is Friday, November 6th. Citizens Community Bancorp’s dividend payout ratio is 28.00%.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.