Citizens Community Bancorp (NASDAQ:CZWI) Rating Lowered to Sell at Wall Street Zen

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other analysts have also commented on CZWI. Brean Capital lowered shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research 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. Weiss Ratings upgraded Citizens Community Bancorp from a “buy (b)” rating to a “buy (b+)” 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 increased their price objective for the company from $21.00 to $24.00 in a report on Friday, July 10th. Finally, Citigroup lowered Citizens Community Bancorp to a “neutral” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

Citizens Community Bancorp Stock Performance

Shares of Citizens Community Bancorp stock opened at $21.02 on Friday. The stock has a fifty day simple moving average of $22.18 and a 200 day simple moving average of $20.50. Citizens Community Bancorp has a 12-month low of $14.61 and a 12-month high of $24.42. The company has a market capitalization of $202.84 million, a P/E ratio of 16.05 and a beta of 0.51.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in Citizens Community Bancorp by 611.1% during the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock valued at $28,000 after buying an additional 1,760 shares during the period. Osaic Holdings Inc. raised 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 in the last quarter. Bank of America Corp DE raised its stake in Citizens Community Bancorp by 5,348.0% in 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 in the last quarter. JPMorgan Chase & Co. bought a new stake in Citizens Community Bancorp during the second quarter valued at approximately $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Citizens Community Bancorp in the 2nd quarter worth $72,000. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Community Bancorp Company Profile

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.