Citizens Community Bancorp (NASDAQ:CZWI) Raised to “Strong-Buy” at Zacks Research

Citizens Community Bancorp (NASDAQ:CZWI) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Citizens Community Bancorp in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Citizens Community Bancorp Trading Up 0.3%

Shares of CZWI opened at $16.14 on Monday. The stock has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $15.22. Citizens Community Bancorp has a 1 year low of $12.69 and a 1 year high of $17.04. The stock has a market cap of $159.30 million, a PE ratio of 12.51 and a beta of 0.79.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings data on Monday, October 27th. The bank reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $19.67 million during the quarter, compared to analyst estimates of $15.40 million. Citizens Community Bancorp had a return on equity of 7.11% and a net margin of 13.08%. On average, sell-side analysts forecast that Citizens Community Bancorp will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ritholtz Wealth Management boosted its position in Citizens Community Bancorp by 1.8% in the 2nd quarter. Ritholtz Wealth Management now owns 38,851 shares of the bank’s stock valued at $536,000 after buying an additional 684 shares during the last quarter. BNP Paribas Financial Markets lifted 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 valued at $28,000 after acquiring an additional 1,760 shares during the period. Empowered Funds LLC lifted its stake in shares of Citizens Community Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after acquiring an additional 2,041 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in Citizens Community Bancorp during the 2nd quarter worth about $30,000. Finally, Osaic Holdings Inc. raised its holdings in 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 last quarter. 55.11% of the stock is currently owned by institutional investors.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.