Citizens Community Bancorp (NASDAQ:CZWI) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other analysts have also recently issued reports on CZWI. Brean Capital cut Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Friday, August 7th. Zacks Research cut Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Hovde Group downgraded shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $21.00 to $24.00 in a report on Friday, July 10th. Weiss Ratings upgraded shares of Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Finally, Citigroup downgraded shares of Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.50.

Citizens Community Bancorp Stock Down 0.5%

CZWI stock opened at $20.92 on Friday. Citizens Community Bancorp has a 52 week low of $14.61 and a 52 week high of $24.42. The business has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $20.52. The company has a market cap of $201.88 million, a PE ratio of 15.97 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data 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 analyst estimates of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. On average, analysts anticipate that Citizens Community Bancorp will post 1.64 EPS for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.105 per share. The ex-dividend date is Friday, August 7th. This represents a $0.42 annualized dividend and a yield of 2.0%. Citizens Community Bancorp’s payout ratio is presently 32.06%.

Hedge Funds Weigh In On Citizens Community Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of Citizens Community Bancorp by 37.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,816 shares of the bank’s stock valued at $45,000 after buying an additional 768 shares in the last quarter. Hsbc Holdings PLC increased its stake in Citizens Community Bancorp by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock valued at $540,000 after acquiring an additional 1,044 shares during the last quarter. Barclays PLC raised its position in Citizens Community Bancorp by 3.7% during the fourth quarter. Barclays PLC now owns 37,077 shares of the bank’s stock valued at $661,000 after purchasing an additional 1,323 shares in the last quarter. Bank of America Corp DE raised its position in Citizens Community Bancorp by 12.2% during the first quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock valued at $271,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Empowered Funds LLC raised its position in 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 purchasing an additional 2,041 shares in the last quarter. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Company Profile

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.