Citizens Community Bancorp (NASDAQ:CZWI) Announces Quarterly Earnings Results

Citizens Community Bancorp (NASDAQ:CZWI) released its earnings results on Monday. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12, FiscalAI reports. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $16.90 million.

Citizens Community Bancorp Price Performance

Shares of CZWI stock opened at $21.42 on Monday. The company’s fifty day simple moving average is $21.33 and its two-hundred day simple moving average is $21.44. Citizens Community Bancorp has a 1 year low of $15.50 and a 1 year high of $24.42. The stock has a market capitalization of $206.70 million, a price-to-earnings ratio of 16.35 and a beta of 0.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Brean Capital cut 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. Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $21.00 to $24.00 in a report on Friday, July 10th. Citigroup cut Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Zacks Research cut Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Citizens Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.50.

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 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.