StockNews.com Downgrades Citizens Community Bancorp (NASDAQ:CZWI) to Hold

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Hovde Group raised shares of Citizens Community Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, March 4th.

Citizens Community Bancorp Price Performance

CZWI opened at $11.15 on Tuesday. Citizens Community Bancorp has a one year low of $8.00 and a one year high of $12.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $11.40. The stock has a market capitalization of $116.07 million, a P/E ratio of 8.64 and a beta of 1.03.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, April 29th. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.26 by $0.13. Citizens Community Bancorp had a net margin of 13.69% and a return on equity of 8.14%. The business had revenue of $25.94 million for the quarter, compared to analysts’ expectations of $13.90 million. Sell-side analysts anticipate that Citizens Community Bancorp will post 1.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens Community Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of CZWI. O Shaughnessy Asset Management LLC bought a new position in Citizens Community Bancorp in the first quarter valued at approximately $236,000. Acadian Asset Management LLC boosted its stake in Citizens Community Bancorp by 37.3% in the first quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock valued at $465,000 after acquiring an additional 10,445 shares during the last quarter. Empowered Funds LLC boosted its stake in Citizens Community Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 51,324 shares of the bank’s stock valued at $624,000 after acquiring an additional 3,850 shares during the last quarter. Gendell Jeffrey L boosted its stake in Citizens Community Bancorp by 3.5% in the third quarter. Gendell Jeffrey L now owns 230,959 shares of the bank’s stock valued at $2,217,000 after acquiring an additional 7,780 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Citizens Community Bancorp by 309.5% in the first quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock valued at $7,420,000 after acquiring an additional 461,594 shares during the last quarter. 55.11% of the stock is owned by institutional investors.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.