Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Receives $23.50 Average PT from Analysts

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

A number of research firms have commented on CZWI. 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 report on Friday, August 7th. Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Hovde Group lowered 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. Citigroup lowered shares of Citizens Community Bancorp to a “neutral” rating in a 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.

Institutional Trading of Citizens Community Bancorp

A number of large investors have recently bought and sold shares of CZWI. BNP Paribas Financial Markets boosted its stake in shares of Citizens Community Bancorp by 611.1% during the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock worth $28,000 after buying an additional 1,760 shares during the period. Osaic Holdings Inc. grew its stake in shares of Citizens Community Bancorp by 858.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank’s stock worth $41,000 after purchasing an additional 2,687 shares during the period. Bank of America Corp DE grew its position in Citizens Community Bancorp by 5,348.0% during the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank’s stock worth $56,000 after buying an additional 4,011 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Citizens Community Bancorp in the 2nd quarter worth approximately $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Citizens Community Bancorp in the second quarter valued at $72,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $20.95 on Friday. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The stock has a market cap of $202.17 million, a PE ratio of 15.99 and a beta of 0.51. The stock has a 50 day moving average price of $22.21 and a 200 day moving average price of $20.56.

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

Citizens Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 7th. Citizens Community Bancorp’s payout ratio is presently 32.06%.

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.