Citizens Community Bancorp (NASDAQ:CZWI) Rating Lowered to Hold at Zacks Research

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

CZWI has been the subject of a number of other reports. Weiss Ratings downgraded shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $21.00 to $24.00 in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.00.

Citizens Community Bancorp Stock Performance

Shares of Citizens Community Bancorp stock opened at $21.83 on Wednesday. Citizens Community Bancorp has a 52-week low of $14.40 and a 52-week high of $24.42. The stock’s 50-day simple moving average is $22.03 and its 200 day simple moving average is $20.26. The stock has a market capitalization of $210.44 million, a P/E ratio of 16.66 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a return on equity of 6.80% and a net margin of 12.94%. Equities research analysts forecast that Citizens Community Bancorp will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling

In other Citizens Community Bancorp news, Director James D. Moll sold 2,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $688,668.54. This represents a 5.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 2,250 shares of company stock worth $46,770. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Citizens Community Bancorp by 123.3% during the 4th quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock valued at $12,321,000 after purchasing an additional 381,805 shares during the period. Rhino Investment Partners Inc purchased a new position in shares of Citizens Community Bancorp during the first quarter valued at approximately $3,214,000. Daytona Street Capital LLC bought a new position in shares of Citizens Community Bancorp during the fourth quarter valued at approximately $2,702,000. Geode Capital Management LLC raised its holdings in shares of Citizens Community Bancorp by 116.2% during the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock valued at $2,958,000 after acquiring an additional 115,171 shares in the last quarter. Finally, UBS Group AG lifted its stake in Citizens Community Bancorp by 123.9% in the fourth quarter. UBS Group AG now owns 169,805 shares of the bank’s stock worth $3,026,000 after acquiring an additional 93,952 shares during the period. 55.11% of the stock is owned by institutional investors.

About Citizens Community Bancorp

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.