Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Stock Has Consensus Price Target of $23.50

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) have been given a consensus rating of “Hold” by the five brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.50.

A number of research analysts have commented on the stock. Zacks Research cut shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the company from $21.00 to $24.00 in a report on Friday, July 10th. Weiss Ratings cut shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, 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.

Hedge Funds Weigh In On Citizens Community Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in Citizens Community Bancorp in the 2nd quarter valued at approximately $1,668,000. Bank of America Corp DE purchased a new position in shares of Citizens Community Bancorp in the second quarter worth $286,000. Hsbc Holdings PLC purchased a new position in shares of Citizens Community Bancorp in the second quarter worth $1,245,000. The Manufacturers Life Insurance Company bought a new position in shares of Citizens Community Bancorp during the second quarter valued at $11,247,000. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Citizens Community Bancorp during the second quarter valued at $2,135,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Stock Down 1.0%

Shares of Citizens Community Bancorp stock opened at $23.43 on Thursday. Citizens Community Bancorp has a 52 week low of $15.50 and a 52 week high of $24.42. The business has a 50 day moving average price of $21.55 and a 200-day moving average price of $20.66. The company has a market cap of $226.10 million, a PE ratio of 15.62 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data on Monday, October 26th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. Citizens Community Bancorp had a net margin of 14.56% and a return on equity of 7.65%. The business had revenue of $17.37 million for the quarter, compared to analyst estimates of $16.90 million. As a group, research analysts anticipate that Citizens Community Bancorp will post 1.54 EPS for the current year.

Citizens Community Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a $0.12 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Citizens Community Bancorp’s previous quarterly dividend of $0.1050. Citizens Community Bancorp’s dividend payout ratio is 28.00%.

About Citizens Community Bancorp

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 such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.