Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Short Interest Down 28.8% in January

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 79,892 shares, a drop of 28.8% from the December 31st total of 112,132 shares. Based on an average daily volume of 60,406 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 60,406 shares, the days-to-cover ratio is currently 1.3 days.

Analysts Set New Price Targets

CZWI has been the topic of a number of recent research reports. Zacks Research lowered Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Citizens Community Bancorp in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Citizens Community Bancorp currently has an average rating of “Hold”.

Institutional Trading of Citizens Community Bancorp

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its holdings in shares of Citizens Community Bancorp by 59.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank’s stock worth $602,000 after acquiring an additional 15,582 shares during the last quarter. Empowered Funds LLC raised its position in shares of Citizens Community Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after purchasing an additional 2,041 shares during the period. Jane Street Group LLC lifted its stake in shares of Citizens Community Bancorp by 108.2% during the 1st quarter. Jane Street Group LLC now owns 41,813 shares of the bank’s stock worth $601,000 after buying an additional 21,726 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth about $68,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Citizens Community Bancorp by 1.8% during the 2nd quarter. Ritholtz Wealth Management now owns 38,851 shares of the bank’s stock worth $536,000 after buying an additional 684 shares during the period. 55.11% of the stock is owned by institutional investors and hedge funds.

Citizens Community Bancorp Stock Up 0.8%

Shares of Citizens Community Bancorp stock opened at $18.14 on Friday. The stock has a market cap of $175.23 million, a P/E ratio of 12.42 and a beta of 0.65. Citizens Community Bancorp has a 12-month low of $12.69 and a 12-month high of $18.99. The business’s 50 day moving average is $17.95 and its 200-day moving average is $16.60.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its earnings results on Monday, January 26th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Citizens Community Bancorp had a net margin of 14.60% and a return on equity of 7.86%. The business had revenue of $15.56 million for the quarter, compared to the consensus estimate of $16.30 million. On average, sell-side analysts expect that Citizens Community Bancorp will post 1.31 EPS for the current year.

Citizens Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, February 6th. Citizens Community Bancorp’s dividend payout ratio (DPR) is 24.66%.

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.