Zacks Investment Research Upgrades Citizens Community Bancorp (NASDAQ:CZWI) to “Hold”

Citizens Community Bancorp (NASDAQ:CZWI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Citizens Community Bancorp, Inc. operates as the holding company for Citizens Community Federal that offers various financial services. It is engaged in the business of attracting deposits from the general public and investing those deposits in residential and consumer loans. It offers various deposit products, including checking accounts, savings accounts, demand accounts, certificates of deposit, and money market account. The company’s real estate loans include one-to four-family first mortgages, second mortgages and home equity lines of credit, and multi-family and commercial; and consumer loans include new and used auto, motorcycle, boat, and recreational vehicle loans. It also provides loans secured by savings deposits; and unsecured loans. Based in Eau Claire, Wisconsin, the company operates full-service banking offices in Wisconsin, Minnesota and Michigan. “

NASDAQ:CZWI traded up $0.01 during trading hours on Tuesday, reaching $11.01. The company’s stock had a trading volume of 5,853 shares, compared to its average volume of 9,213. The company has a market cap of $125.67 million, a price-to-earnings ratio of 16.19 and a beta of 0.40. Citizens Community Bancorp has a one year low of $10.50 and a one year high of $14.05. The business’s 50-day moving average is $11.07 and its 200-day moving average is $11.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.05 and a quick ratio of 1.05.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its quarterly earnings data on Monday, July 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The business had revenue of $15.32 million during the quarter, compared to the consensus estimate of $13.00 million. Citizens Community Bancorp had a return on equity of 5.77% and a net margin of 11.68%. On average, sell-side analysts predict that Citizens Community Bancorp will post 0.97 EPS for the current fiscal year.

A hedge fund recently raised its stake in Citizens Community Bancorp stock. Wells Fargo & Company MN increased its holdings in Citizens Community Bancorp Inc. (NASDAQ:CZWI) by 298,500.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,986 shares of the bank’s stock after purchasing an additional 2,985 shares during the period. Wells Fargo & Company MN’s holdings in Citizens Community Bancorp were worth $32,000 at the end of the most recent reporting period. 45.68% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a holding company for Citizens Community Federal N.A. that provides various consumer, commercial, and agricultural banking products and services in Wisconsin, Minnesota, and Michigan. It accepts various deposit products, including demand deposits, savings and money-market accounts, and certificates of deposit.

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