Hsbc Holdings PLC Makes New Investment in Citizens Community Bancorp, Inc. $CZWI

Hsbc Holdings PLC bought a new position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI) in the second quarter, HoldingsChannel reports. The firm bought 53,522 shares of the bank’s stock, valued at approximately $1,245,000.

Other hedge funds have also modified their holdings of the company. Pinnacle Holdings LLC acquired a new position in Citizens Community Bancorp during the second quarter worth $2,135,000. The Manufacturers Life Insurance Company acquired a new position in shares of Citizens Community Bancorp during the 2nd quarter worth $11,247,000. Rhino Investment Partners Inc acquired a new position in shares of Citizens Community Bancorp during the 1st quarter worth $3,214,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Citizens Community Bancorp by 22.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 147,560 shares of the bank’s stock worth $2,922,000 after buying an additional 26,688 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Citizens Community Bancorp by 123.9% in the 4th quarter. UBS Group AG now owns 169,805 shares of the bank’s stock worth $3,026,000 after buying an additional 93,952 shares in the last quarter. 55.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on CZWI. Brean Capital downgraded shares of Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a report on Friday, August 7th. Wall Street Zen downgraded shares of Citizens Community Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Citigroup cut shares of Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, 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 research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.50.

Citizens Community Bancorp Trading Down 0.9%

Shares of CZWI stock opened at $20.83 on Tuesday. The company has a market capitalization of $201.01 million, a price-to-earnings ratio of 15.90 and a beta of 0.51. The firm has a 50-day moving average price of $22.15 and a 200 day moving average price of $20.68. Citizens Community Bancorp, Inc. has a twelve month low of $14.61 and a twelve month high of $24.42.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $16.11 million for the quarter, compared to analyst estimates of $16.30 million. Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%. As a group, research analysts predict that Citizens Community Bancorp, Inc. 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 was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio is presently 32.06%.

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.