Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Stock Has Consensus Price Target of $23.50

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $23.50.

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Citizens Community Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Brean Capital lowered Citizens Community Bancorp from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a report on Friday, August 7th. Zacks Research cut Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Hovde Group cut Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $21.00 to $24.00 in a research note on Friday, July 10th.

Institutional Trading of Citizens Community Bancorp

A number of institutional investors have recently modified their holdings of CZWI. Empowered Funds LLC bought a new stake in Citizens Community Bancorp during the 2nd quarter valued at $1,668,000. Bank of America Corp DE bought a new position in shares of Citizens Community Bancorp in the second quarter worth $286,000. Hsbc Holdings PLC bought a new position in shares of Citizens Community Bancorp in the second quarter worth $1,245,000. The Manufacturers Life Insurance Company purchased a new position in shares of Citizens Community Bancorp in the second quarter valued at $11,247,000. Finally, Pinnacle Holdings LLC purchased a new position in shares of Citizens Community Bancorp in the second quarter valued at $2,135,000. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Community Bancorp Price Performance

NASDAQ CZWI opened at $21.41 on Friday. Citizens Community Bancorp has a 1 year low of $14.61 and a 1 year high of $24.42. The firm has a market cap of $206.61 million, a price-to-earnings ratio of 16.34 and a beta of 0.50. The company has a fifty day moving average price of $21.34 and a 200-day moving average price of $21.33.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly 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 firm had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. On average, research analysts anticipate that Citizens Community Bancorp will post 1.64 EPS for the current fiscal year.

Citizens Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp’s dividend payout ratio (DPR) is currently 32.06%.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc is the bank holding company for Citizens Community Federal National Association, a community-focused financial institution headquartered in Eau Claire, Wisconsin. Through its banking subsidiary, the company provides financial services to individuals, families, farmers, and businesses.

Citizens Community Federal offers deposit products, including checking, savings, money market, and certificate accounts, along with residential mortgage, consumer, commercial, agricultural, and commercial real estate lending.