Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Stock Has Average Target Price of $23.50 According to Analysts

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

A number of equities analysts recently commented on CZWI shares. Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded Citizens Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Hovde Group downgraded Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. Citigroup lowered Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Finally, Zacks Research lowered Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th.

Institutional Trading of Citizens Community Bancorp

Institutional investors have recently made changes to their positions in the company. Deutsche Bank AG purchased a new stake in Citizens Community Bancorp in the 2nd quarter valued at about $187,000. Sei Investments Co. acquired a new position in Citizens Community Bancorp in the first quarter valued at about $202,000. Bank of America Corp DE acquired a new stake in shares of Citizens Community Bancorp during the second quarter valued at about $286,000. Hsbc Holdings PLC raised its stake in shares of Citizens Community Bancorp by 3.6% in 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 period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Citizens Community Bancorp in the 2nd quarter valued at approximately $755,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Trading Up 0.7%

CZWI stock opened at $23.60 on Thursday. The firm has a 50-day moving average of $21.60 and a two-hundred day moving average of $20.69. Citizens Community Bancorp has a 12 month low of $15.70 and a 12 month high of $24.42. The company has a market cap of $227.74 million, a price-to-earnings ratio of 15.73 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its earnings results on Monday, October 26th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.12. The business had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $16.90 million. Citizens Community Bancorp had a return on equity of 7.65% and a net margin of 14.56%. As a group, equities analysts forecast that Citizens Community Bancorp will post 1.54 earnings per share for the current year.

Citizens Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $0.12 dividend. This is a positive change from Citizens Community Bancorp’s previous quarterly dividend of $0.1050. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio is currently 28.00%.

Citizens Community Bancorp Company Profile

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.