Citizens Community Bancorp (NASDAQ:CZWI) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Citizens Community Bancorp (NASDAQ:CZWI) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Other analysts have also recently issued reports about the company. Weiss Ratings raised Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Hovde Group lowered shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. Zacks Research downgraded shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Brean Capital downgraded shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Trading Down 0.4%

NASDAQ: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 stock has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $20.48. The stock has a market cap of $202.84 million, a price-to-earnings ratio of 16.05 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%.The business had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million. Sell-side analysts forecast that Citizens Community Bancorp will post 1.64 earnings per share for the current year.

Citizens Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio is currently 32.06%.

Insider Activity

In related news, Director James D. Moll sold 2,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $20.58, for a total transaction of $41,160.00. Following the completion of the transaction, the director directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Citizens Community Bancorp

Several institutional investors have recently bought and sold shares of CZWI. Goldman Sachs Group Inc. grew its stake in shares of Citizens Community Bancorp by 59.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank’s stock worth $602,000 after acquiring an additional 15,582 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Citizens Community Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank’s stock valued at $883,000 after purchasing an additional 2,041 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Citizens Community Bancorp by 108.2% in the first quarter. Jane Street Group LLC now owns 41,813 shares of the bank’s stock valued at $601,000 after purchasing an additional 21,726 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Citizens Community Bancorp by 116.2% in the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank’s stock worth $2,958,000 after purchasing an additional 115,171 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Citizens Community Bancorp in the second quarter worth $63,000. Institutional investors own 55.11% of the company’s stock.

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.