Citizens Community Bancorp, Inc. $CZWI Stock Sold by Daytona Street Capital LLC

Daytona Street Capital LLC lowered its holdings in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 22.7% during the third quarter, Holdings Channel.com reports. The firm owned 84,911 shares of the bank’s stock after selling 25,000 shares during the period. Citizens Community Bancorp makes up 1.2% of Daytona Street Capital LLC’s holdings, making the stock its 23rd biggest holding. Daytona Street Capital LLC’s holdings in Citizens Community Bancorp were worth $1,823,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. 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 purchased a new position in shares of Citizens Community Bancorp during the 2nd quarter worth $286,000. Hsbc Holdings PLC purchased a new position in shares of Citizens Community Bancorp during the 2nd quarter worth $1,245,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth about $11,247,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth about $2,135,000. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $21.11 on Friday. Citizens Community Bancorp, Inc. has a fifty-two week low of $14.61 and a fifty-two week high of $24.42. The company has a 50 day moving average price of $21.27 and a 200 day moving average price of $21.39. The stock has a market capitalization of $203.71 million, a P/E ratio of 16.11 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last announced 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 during the quarter, compared to analysts’ expectations of $16.30 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. Research analysts forecast that Citizens Community Bancorp, Inc. will post 1.44 earnings per share for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.1050 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio (DPR) is currently 32.06%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CZWI. Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Brean Capital cut shares of 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. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Community Bancorp has an average rating of “Hold” and an average target price of $23.50.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is the bank holding company for Citizens Community Federal National Association, a community-focused financial institution headquartered in Eau Claire, Wisconsin. Through its banking subsidiary, the company provides financial services to individuals, families, farmers, and businesses.

Citizens Community Federal offers deposit products, including checking, savings, money market, and certificate accounts, along with residential mortgage, consumer, commercial, agricultural, and commercial real estate lending.