StockNews.com Begins Coverage on Citizens Community Bancorp (NASDAQ:CZWI)

StockNews.com initiated coverage on shares of Citizens Community Bancorp (NASDAQ:CZWI) in a report released on Monday. The brokerage issued a hold rating on the bank’s stock.

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

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $11.17 on Monday. 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 firm has a 50-day moving average of $11.25 and a two-hundred day moving average of $11.56. The stock has a market cap of $116.28 million, a P/E ratio of 8.66 and a beta of 1.06. Citizens Community Bancorp has a 1-year low of $8.47 and a 1-year high of $12.61.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly earnings data on Monday, April 29th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. The company had revenue of $25.94 million during the quarter, compared to analysts’ expectations of $13.90 million. Citizens Community Bancorp had a net margin of 13.69% and a return on equity of 8.14%. On average, research analysts expect that Citizens Community Bancorp will post 1.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens Community Bancorp

Several large investors have recently modified their holdings of CZWI. O Shaughnessy Asset Management LLC bought a new position in shares of Citizens Community Bancorp during the first quarter worth about $236,000. Acadian Asset Management LLC lifted its position in shares of Citizens Community Bancorp by 37.3% during the first quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock worth $465,000 after purchasing an additional 10,445 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Citizens Community Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 51,324 shares of the bank’s stock worth $624,000 after purchasing an additional 3,850 shares during the last quarter. Gendell Jeffrey L raised its stake in Citizens Community Bancorp by 8.7% during the first quarter. Gendell Jeffrey L now owns 250,959 shares of the bank’s stock worth $3,049,000 after acquiring an additional 20,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in Citizens Community Bancorp by 309.5% during the first quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock worth $7,420,000 after acquiring an additional 461,594 shares during the period. Institutional investors own 55.11% of the company’s stock.

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.