Wall Street Zen Upgrades Citizens Community Bancorp (NASDAQ:CZWI) to Hold

Citizens Community Bancorp (NASDAQ:CZWI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the company. Citigroup cut Citizens Community Bancorp to a “neutral” rating in a research note on Friday, August 7th. Zacks Research downgraded Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Hovde Group lowered Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Brean Capital cut 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. Finally, Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.50.

Citizens Community Bancorp Price Performance

Citizens Community Bancorp stock opened at $21.10 on Friday. The company’s 50-day moving average price is $21.32 and its 200-day moving average price is $21.34. Citizens Community Bancorp has a twelve month low of $14.61 and a twelve month high of $24.42. The company has a market cap of $203.62 million, a PE ratio of 16.11 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its 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). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The business had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $16.30 million. As a group, sell-side analysts expect that Citizens Community Bancorp will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Community Bancorp

Several institutional investors have recently made changes to their positions in the company. Deutsche Bank AG purchased a new position in shares of Citizens Community Bancorp during the 2nd quarter worth about $187,000. Sei Investments Co. bought a new position in Citizens Community Bancorp during the 1st quarter valued at about $202,000. Bank of America Corp DE purchased a new stake in Citizens Community Bancorp in the 2nd quarter worth about $286,000. Hsbc Holdings PLC raised its position in Citizens Community Bancorp by 3.6% in the 4th quarter. Hsbc Holdings PLC now owns 30,321 shares of the bank’s stock worth $540,000 after purchasing an additional 1,044 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Citizens Community Bancorp in the 2nd quarter worth about $755,000. Institutional investors own 55.11% of the company’s stock.

About Citizens Community Bancorp

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.