Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Given Average Recommendation of "Hold" by Brokerages

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) have received an average recommendation of "Hold" from the five ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.50.

Several equities research analysts have commented on the stock. Citigroup lowered shares of Citizens Community Bancorp to a "neutral" rating in a research note on Friday, August 7th. Hovde Group lowered Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and upped their target price for the company from $21.00 to $24.00 in a report on Friday, July 10th. Zacks Research downgraded Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Wall Street Zen cut Citizens Community Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Brean Capital downgraded Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 price objective for the company. in a research note on Friday, August 7th.

View Our Latest Analysis on CZWI

Citizens Community Bancorp Price Performance

CZWI opened at $21.02 on Friday. Citizens Community Bancorp has a 1 year low of $14.61 and a 1 year high of $24.42. The company has a market capitalization of $202.84 million, a price-to-earnings ratio of 16.05 and a beta of 0.51. The firm's fifty day moving average price is $22.18 and its two-hundred day moving average price is $20.48.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its earnings results on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The firm had revenue of $16.11 million during the quarter, compared to analysts' expectations of $16.30 million. As a group, equities analysts anticipate that Citizens Community Bancorp will post 1.64 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 7th. Citizens Community Bancorp's payout ratio is 32.06%.

Insiders Place Their Bets

In related news, Director James D. Moll sold 2,000 shares of the firm's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $20.58, for a total transaction of $41,160.00. Following the completion of the sale, the director owned 33,463 shares in the company, valued at approximately $688,668.54. This trade represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Citizens Community Bancorp by 611.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank's stock worth $28,000 after purchasing an additional 1,760 shares during the period. Osaic Holdings Inc. lifted its stake in Citizens Community Bancorp by 858.5% in the second quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank's stock valued at $41,000 after purchasing an additional 2,687 shares during the last quarter. Bank of America Corp DE grew its holdings in Citizens Community Bancorp by 5,348.0% during the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock valued at $56,000 after purchasing an additional 4,011 shares during the period. JPMorgan Chase & Co. bought a new position in Citizens Community Bancorp during the second quarter valued at $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Citizens Community Bancorp in the second quarter worth $72,000. 55.11% of the stock is owned by institutional investors.

About Citizens Community Bancorp

(Get Free Report)

Citizens Community Bancorp, Inc is a bank holding company headquartered in Columbia Station, Ohio. Its primary subsidiary, Citizens Community Savings Bank, offers a range of community banking services to individuals and businesses. The company operates through a network of branch offices in Lorain and Medina counties and surrounding communities, providing personalized financial solutions with a focus on local relationships and customer service.

The bank's deposit products include checking and savings accounts, money market accounts and certificates of deposit, while its lending portfolio features residential mortgage loans, home equity lines of credit, commercial real estate loans, and small-business financing.

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