Citizens Community Bancorp (NASDAQ:CZWI) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Citizens Community Bancorp (NASDAQ:CZWI) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on CZWI. Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $21.00 to $24.00 in a report on Friday, July 10th. Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Citizens Community Bancorp Trading Down 0.8%

CZWI opened at $21.83 on Wednesday. The stock has a market capitalization of $210.44 million, a P/E ratio of 16.66 and a beta of 0.50. Citizens Community Bancorp has a 12 month low of $14.40 and a 12 month high of $24.42. The firm’s fifty day simple moving average is $22.03 and its 200 day simple moving average is $20.26.

Citizens Community Bancorp (NASDAQ:CZWI) last released its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 6.80% and a net margin of 12.94%. On average, equities research analysts predict that Citizens Community Bancorp will post 1.82 EPS for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

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

Insider Transactions at Citizens Community Bancorp

In other Citizens Community Bancorp news, Director James D. Moll sold 2,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $20.58, for a total transaction of $41,160.00. Following the sale, the director directly owned 33,463 shares of the company’s stock, valued at approximately $688,668.54. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have acquired 2,250 shares of company stock valued at $46,770. 4.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Citizens Community Bancorp by 611.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,760 shares during the period. Osaic Holdings Inc. grew its holdings in Citizens Community Bancorp by 858.5% during the second 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 period. Bank of America Corp DE grew its holdings in Citizens Community Bancorp by 5,348.0% during the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank’s stock worth $56,000 after purchasing an additional 4,011 shares during the period. JPMorgan Chase & Co. acquired a new position in Citizens Community Bancorp during the second quarter worth approximately $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Citizens Community Bancorp during the second quarter worth approximately $72,000. Institutional investors own 55.11% of the company’s stock.

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.