Citizens Community Bancorp (NASDAQ:CZWI) Stock Price Breaks Below 200-Day Moving Average – Here’s What Happened

Citizens Community Bancorp, Inc. (NASDAQ:CZWI)’s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $21.19 and traded as low as $20.96. Citizens Community Bancorp shares last traded at $21.25, with a volume of 24,108 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Hovde Group cut Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $21.00 to $24.00 in a research report on Friday, July 10th. 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 lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Friday, August 7th. Finally, Wall Street Zen cut Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Citizens Community Bancorp presently has a consensus rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Stock Performance

The company has a market capitalization of $204.58 million, a P/E ratio of 16.18 and a beta of 0.50. The stock’s fifty day moving average price is $21.44 and its 200-day moving average price is $21.21.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. On average, research analysts predict that Citizens Community Bancorp, Inc. will post 1.64 EPS for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Citizens Community Bancorp

A number of large investors have recently added to or reduced their stakes in CZWI. Empowered Funds LLC acquired a new stake in Citizens Community Bancorp during the 2nd quarter valued at $1,668,000. Bank of America Corp DE bought a new position in shares of Citizens Community Bancorp in the second quarter valued at about $286,000. Hsbc Holdings PLC bought a new position in shares of Citizens Community Bancorp in the second quarter valued at about $1,245,000. The Manufacturers Life Insurance Company bought a new position in shares of Citizens Community Bancorp in the second quarter valued at about $11,247,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth about $2,135,000. Institutional investors own 55.11% of the company’s stock.

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, including checking, savings, money market and certificate accounts, along with residential mortgage, home equity, commercial real estate, agricultural, business and consumer lending. Its services also include online and mobile banking, treasury management and other conventional banking products.

Citizens Community Federal serves customers through a network of branches and banking offices in Wisconsin and Minnesota.