Citizens Community Bancorp (NASDAQ:CZWI) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Citizens Community Bancorp (NASDAQ:CZWI – Get Rating) announced its quarterly earnings data on Monday. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08, MarketWatch Earnings reports. Citizens Community Bancorp had a return on equity of 11.23% and a net margin of 22.25%. The business had revenue of $22.23 million during the quarter, compared to analysts’ expectations of $16.60 million.

Citizens Community Bancorp Price Performance

CZWI opened at $12.60 on Wednesday. The stock has a market cap of $132.05 million, a P/E ratio of 6.92 and a beta of 0.91. Citizens Community Bancorp has a 12 month low of $11.35 and a 12 month high of $16.49. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $12.70 and a 200 day simple moving average of $12.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in shares of Citizens Community Bancorp by 30.9% during the 1st quarter. Acadian Asset Management LLC now owns 33,455 shares of the bank’s stock valued at $504,000 after purchasing an additional 7,901 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Citizens Community Bancorp by 5.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 42,816 shares of the bank’s stock worth $647,000 after buying an additional 2,050 shares during the period. Prelude Capital Management LLC raised its holdings in Citizens Community Bancorp by 43.3% during the 1st quarter. Prelude Capital Management LLC now owns 85,750 shares of the bank’s stock worth $1,296,000 after buying an additional 25,907 shares during the period. Wellington Management Group LLP lifted its stake in Citizens Community Bancorp by 310.8% in the first quarter. Wellington Management Group LLP now owns 213,526 shares of the bank’s stock valued at $3,226,000 after buying an additional 161,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Citizens Community Bancorp by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 243,255 shares of the bank’s stock valued at $3,676,000 after buying an additional 6,456 shares during the period. 55.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler decreased their target price on Citizens Community Bancorp to $13.00 in a research report on Thursday, September 29th.

Citizens Community Bancorp Company Profile

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Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal Bank. It provides commercial, agricultural and consumer banking services. The company was founded in 2004 and is headquartered in Eau Claire, WI.