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

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

A number of equities analysts recently issued reports on the company. Citigroup lowered Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Friday, August 7th. Weiss Ratings cut Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Hovde Group lowered 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 report on Friday, July 10th. Finally, 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.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ:CZWI opened at $21.80 on Wednesday. The firm has a market cap of $210.37 million, a PE ratio of 16.64 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 firm’s 50 day simple moving average is $21.83 and its 200-day simple moving average is $20.95.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) 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 company had revenue of $16.11 million during the quarter, compared to analysts’ expectations of $16.30 million. Equities research analysts predict that Citizens Community Bancorp will post 1.64 EPS for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio (DPR) is 32.06%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC purchased a new position in Citizens Community Bancorp in the second quarter valued at $1,668,000. Bank of America Corp DE acquired a new position in shares of Citizens Community Bancorp during the second quarter valued at approximately $286,000. Hsbc Holdings PLC acquired a new position in Citizens Community Bancorp in the 2nd quarter valued at $1,245,000. The Manufacturers Life Insurance Company purchased a new position in shares of Citizens Community Bancorp in the second quarter worth about $11,247,000. Finally, Pinnacle Holdings LLC purchased a new position in Citizens Community Bancorp in the 2nd quarter worth approximately $2,135,000. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

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.