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

StockNews.com cut shares of Citizens Community Bancorp (NASDAQ:CZWI) from a buy rating to a hold rating in a report released on Thursday morning.

Citizens Community Bancorp Trading Down 0.6 %

NASDAQ:CZWI opened at $16.00 on Thursday. The firm has a market capitalization of $160.48 million, a P/E ratio of 11.35 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $16.23 and a 200 day moving average of $14.41. Citizens Community Bancorp has a 52 week low of $10.14 and a 52 week high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $25.43 million for the quarter, compared to analysts’ expectations of $14.00 million. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. On average, research analysts predict that Citizens Community Bancorp will post 1.34 earnings per share for the current year.

Institutional Investors Weigh In On Citizens Community Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in shares of Citizens Community Bancorp by 10.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,254 shares of the bank’s stock worth $246,000 after purchasing an additional 2,000 shares during the period. Dimensional Fund Advisors LP raised its stake in Citizens Community Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 280,698 shares of the bank’s stock worth $3,248,000 after buying an additional 2,986 shares in the last quarter. Empowered Funds LLC lifted its holdings in Citizens Community Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 58,232 shares of the bank’s stock worth $825,000 after buying an additional 2,948 shares during the period. Fourthstone LLC bought a new stake in Citizens Community Bancorp during the 3rd quarter valued at approximately $1,520,000. Finally, Barclays PLC purchased a new position in shares of Citizens Community Bancorp during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Company Profile

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.