Brean Capital Downgrades Citizens Community Bancorp (NASDAQ:CZWI) to Neutral

Citizens Community Bancorp (NASDAQ:CZWI) was downgraded by stock analysts at Brean Capital from a “buy” rating to a “neutral” rating in a report issued on Friday, Marketbeat Ratings reports. They presently have a $23.00 price objective on the bank’s stock. Brean Capital’s target price would indicate a potential upside of 6.14% from the company’s current price.

CZWI has been the subject of a number of other research reports. Zacks Research cut Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings cut Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. Finally, Hovde Group downgraded 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.50.

Citizens Community Bancorp Price Performance

Shares of CZWI stock opened at $21.67 on Friday. The company has a fifty day moving average price of $22.16 and a two-hundred day moving average price of $20.39. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The stock has a market cap of $208.99 million, a P/E ratio of 16.54 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.11 earnings per share 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 6.80% and a net margin of 12.94%. As a group, equities research analysts anticipate that Citizens Community Bancorp will post 1.82 EPS for the current fiscal year.

Insider Activity

In other news, Director James D. Moll sold 2,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $20.58, for a total value of $41,160.00. Following the completion of the sale, the director owned 33,463 shares of the company’s stock, valued at approximately $688,668.54. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.10% of the company’s stock.

Institutional Trading of Citizens Community Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in CZWI. Bank of New York Mellon Corp bought a new position in Citizens Community Bancorp in the second quarter valued at approximately $755,000. Bank of America Corp DE boosted its holdings in shares of Citizens Community Bancorp by 12.2% in the 1st quarter. Bank of America Corp DE now owns 13,704 shares of the bank’s stock valued at $271,000 after purchasing an additional 1,494 shares in the last quarter. Rhino Investment Partners Inc acquired a new stake in shares of Citizens Community Bancorp in the 1st quarter valued at $3,214,000. Empowered Funds LLC increased its stake in shares of Citizens Community Bancorp by 6.2% in the 1st quarter. Empowered Funds LLC now owns 68,613 shares of the bank’s stock valued at $1,359,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Citizens Community Bancorp by 21.1% in the 1st quarter. Renaissance Technologies LLC now owns 53,400 shares of the bank’s stock valued at $1,057,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors own 55.11% of the company’s stock.

About Citizens Community Bancorp

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.