Citizens Community Bancorp (NASDAQ:CZWI) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $21.72 and traded as high as $21.84. Citizens Community Bancorp shares last traded at $21.38, with a volume of 40,161 shares changing hands.

Wall Street Analyst Weigh In

CZWI has been the topic of several recent research reports. Brean Capital cut Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Friday, August 7th. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Wall Street Zen lowered Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Hovde Group downgraded shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $21.00 to $24.00 in a report on Friday, July 10th. Finally, Weiss Ratings lowered shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.50.

Citizens Community Bancorp Stock Performance

The company has a 50 day moving average of $21.65 and a two-hundred day moving average of $21.10. The stock has a market capitalization of $204.87 million, a PE ratio of 16.21 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). The business had revenue of $16.11 million during 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%. As a group, research analysts predict that Citizens Community Bancorp, Inc. will post 1.64 EPS for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Citizens Community Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Citizens Community Bancorp in the 2nd quarter valued at $1,668,000. Bank of America Corp DE acquired a new stake in Citizens Community Bancorp during the 2nd quarter worth about $286,000. Hsbc Holdings PLC purchased a new stake in Citizens Community Bancorp during the 2nd quarter valued at about $1,245,000. The Manufacturers Life Insurance Company purchased a new stake in Citizens Community Bancorp during the 2nd quarter valued at about $11,247,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Citizens Community Bancorp in the second quarter valued at about $2,135,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Citizens Community Bancorp Company Profile

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, including checking, savings, money market and certificate accounts, along with residential mortgage, home equity, commercial real estate, agricultural, business and consumer lending. Its services also include online and mobile banking, treasury management and other conventional banking products.

Citizens Community Federal serves customers through a network of branches and banking offices in Wisconsin and Minnesota.