Citizens Community Bancorp (NASDAQ:CZWI) Upgraded by Zacks Research to “Strong-Buy” Rating

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

Separately, Weiss Ratings cut Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Citizens Community Bancorp Price Performance

Shares of NASDAQ CZWI opened at $23.95 on Tuesday. Citizens Community Bancorp has a 1 year low of $14.04 and a 1 year high of $24.06. The firm has a 50-day moving average of $21.14 and a 200 day moving average of $19.54. The stock has a market cap of $230.88 million, a P/E ratio of 15.65 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data on Monday, April 27th. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.00%. The business had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $15.70 million. Research analysts expect that Citizens Community Bancorp will post 1.81 earnings per share for the current fiscal year.

Insider Transactions at Citizens Community Bancorp

In related news, Director James D. Moll sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $21.00, for a total value of $63,000.00. Following the transaction, the director owned 35,463 shares in the company, valued at $744,723. The trade was a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have bought 3,350 shares of company stock valued at $69,815. Insiders own 4.10% of the company’s stock.

Institutional Trading of Citizens Community Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of CZWI. Bank of America Corp DE raised its holdings in Citizens Community Bancorp by 12.2% in the first quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock worth $271,000 after buying an additional 1,494 shares during the last quarter. Rhino Investment Partners Inc purchased a new stake in shares of Citizens Community Bancorp during the first quarter valued at approximately $3,214,000. Empowered Funds LLC grew its holdings in shares of Citizens Community Bancorp by 6.2% during the first quarter. Empowered Funds LLC now owns 68,613 shares of the bank’s stock valued at $1,359,000 after buying an additional 4,028 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Citizens Community Bancorp by 21.1% during the first quarter. Renaissance Technologies LLC now owns 53,400 shares of the bank’s stock valued at $1,057,000 after acquiring an additional 9,300 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Citizens Community Bancorp by 22.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 147,560 shares of the bank’s stock valued at $2,922,000 after acquiring an additional 26,688 shares in the last quarter. 55.11% of the stock is currently 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.