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

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

Citizens Community Bancorp Stock Down 1.7 %

Shares of Citizens Community Bancorp stock opened at $13.80 on Friday. The stock has a market capitalization of $143.60 million, a price-to-earnings ratio of 10.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50 day moving average price is $13.29 and its 200-day moving average price is $12.10. Citizens Community Bancorp has a 52-week low of $8.47 and a 52-week high of $14.17.

Citizens Community Bancorp (NASDAQ:CZWIGet Free Report) last posted its earnings results on Monday, July 29th. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Citizens Community Bancorp had a net margin of 14.07% and a return on equity of 8.37%. The company had revenue of $13.49 million during the quarter, compared to analyst estimates of $13.80 million. Equities research analysts forecast that Citizens Community Bancorp will post 1.3 EPS for the current year.

Institutional Trading of Citizens Community Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZWI. Vanguard Group Inc. raised its holdings in Citizens Community Bancorp by 309.5% in the 1st quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock worth $7,420,000 after purchasing an additional 461,594 shares in the last quarter. Gendell Jeffrey L lifted its position in Citizens Community Bancorp by 8.7% during the first quarter. Gendell Jeffrey L now owns 250,959 shares of the bank’s stock valued at $3,049,000 after buying an additional 20,000 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Citizens Community Bancorp in the 1st quarter worth about $236,000. Acadian Asset Management LLC increased its stake in shares of Citizens Community Bancorp by 37.3% in the 1st quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock worth $465,000 after acquiring an additional 10,445 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Citizens Community Bancorp by 8.1% during the 1st 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 period. Hedge funds and other institutional investors own 55.11% of the company’s stock.

About Citizens Community Bancorp

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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.

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