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

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.50.

Several research firms have recently weighed in on CZWI. Hovde Group cut shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $21.00 to $24.00 in a report on Friday, July 10th. Citigroup downgraded shares of Citizens Community Bancorp to a “neutral” rating in a research report on Friday, August 7th. Zacks Research lowered shares of Citizens Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Citizens Community Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of large investors have recently made changes to their positions in CZWI. BlackRock Inc. bought a new stake in Citizens Community Bancorp during the second quarter valued at approximately $14,797,000. The Manufacturers Life Insurance Company bought a new position in Citizens Community Bancorp in the second quarter worth approximately $11,247,000. Dimensional Fund Advisors LP raised its holdings in Citizens Community Bancorp by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank’s stock worth $6,865,000 after purchasing an additional 10,515 shares during the period. Rhino Investment Partners Inc bought a new position in shares of Citizens Community Bancorp in the first quarter worth about $3,214,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in 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 acquiring an additional 26,688 shares in the last quarter. 55.11% of the stock is currently owned by institutional investors.

Citizens Community Bancorp Price Performance

Citizens Community Bancorp stock opened at $21.46 on Friday. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The business’s fifty day moving average is $21.36 and its 200 day moving average is $21.29. The stock has a market capitalization of $207.09 million, a PE ratio of 16.38 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI) last issued its 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 business had revenue of $16.11 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect 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 issued a $0.1050 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 dividend on an annualized basis and a yield of 2.0%. Citizens Community Bancorp’s dividend payout ratio 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.