Citizens Community Bancorp (NASDAQ:CZWI) Stock Rating Lowered by Hovde Group

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $24.00 price target on the bank’s stock. Hovde Group’s price objective points to a potential upside of 4.21% from the company’s current price.

A number of other analysts have also issued reports on the stock. Weiss Ratings lowered shares of Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Zacks Research raised shares of Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $24.00.

Citizens Community Bancorp Stock Up 2.4%

Shares of CZWI stock opened at $23.03 on Friday. Citizens Community Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $24.42. The firm’s 50 day moving average price is $21.44 and its two-hundred day moving average price is $19.75. The stock has a market cap of $222.01 million, a price-to-earnings ratio of 15.05 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its earnings results on Monday, April 27th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.00%. The business had revenue of $16.11 million for the quarter, compared to analyst estimates of $15.70 million. On average, equities analysts forecast that Citizens Community Bancorp will post 1.81 EPS for the current fiscal year.

Insider Transactions at Citizens Community Bancorp

In other Citizens Community Bancorp news, Director James D. Moll sold 2,000 shares of Citizens Community Bancorp stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $20.58, for a total transaction of $41,160.00. Following the sale, the director directly owned 33,463 shares in the company, valued at $688,668.54. The trade was a 5.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders purchased 3,350 shares of company stock worth $69,815. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Citizens Community Bancorp

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Citizens Community Bancorp by 611.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,760 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Citizens Community Bancorp by 858.5% in the 2nd quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank’s stock valued at $41,000 after buying an additional 2,687 shares during the period. Bank of America Corp DE boosted its holdings in shares of Citizens Community Bancorp by 5,348.0% in the 2nd quarter. Bank of America Corp DE now owns 4,086 shares of the bank’s stock valued at $56,000 after buying an additional 4,011 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Citizens Community Bancorp during the 2nd quarter valued at about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Citizens Community Bancorp during the 2nd quarter valued at about $72,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

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.