Citizens Community Bancorp (CZWI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Citizens Community Bancorp, Inc. operates as the holding company for Citizens Community Federal that offers various financial services. It is engaged in the business of attracting deposits from the general public and investing those deposits in residential and consumer loans. It offers various deposit products, including checking accounts, savings accounts, demand accounts, certificates of deposit, and money market account. The company’s real estate loans include one-to four-family first mortgages, second mortgages and home equity lines of credit, and multi-family and commercial; and consumer loans include new and used auto, motorcycle, boat, and recreational vehicle loans. It also provides loans secured by savings deposits; and unsecured loans. Based in Eau Claire, Wisconsin, the company operates full-service banking offices in Wisconsin, Minnesota and Michigan. “

Separately, FIG Partners reiterated an outperform rating on shares of Citizens Community Bancorp in a research report on Friday, June 29th.

CZWI traded down $0.11 during trading on Tuesday, reaching $13.51. 7,695 shares of the stock were exchanged, compared to its average volume of 7,457. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $82.80 million, a price-to-earnings ratio of 17.10 and a beta of 0.02. Citizens Community Bancorp has a 1 year low of $13.00 and a 1 year high of $14.25.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its earnings results on Friday, July 27th. The bank reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.15). The firm had revenue of $9.25 million for the quarter, compared to analysts’ expectations of $9.40 million. Citizens Community Bancorp had a return on equity of 6.24% and a net margin of 6.33%. On average, analysts predict that Citizens Community Bancorp will post 0.81 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp purchased a new stake in shares of Citizens Community Bancorp in the first quarter valued at $140,000. Dimensional Fund Advisors LP lifted its position in shares of Citizens Community Bancorp by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 184,757 shares of the bank’s stock valued at $2,581,000 after acquiring an additional 8,568 shares in the last quarter. Finally, Maltese Capital Management LLC purchased a new stake in shares of Citizens Community Bancorp in the second quarter valued at $7,445,000. Institutional investors own 43.13% of the company’s stock.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a holding company for Citizens Community Federal N.A. that provides various consumer, and commercial and agricultural banking products and services primarily in Wisconsin, Minnesota, and Michigan. It offers various deposit products, including demand deposits, savings and money-market accounts, and certificates of deposit.

Further Reading: How to calculate the intrinsic value of a stock

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