Citizens Community Bancorp (NASDAQ:CZWI) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Citizens Community Bancorp from “sell” to “hold,” aligning with the broader analyst consensus of “Hold.” The consensus price target is $23.50.
• CZWI shares opened at $21.10, down 1.4%, with a market capitalization of approximately $203.6 million and a 52-week trading range of $14.61 to $24.42.
• The bank reported quarterly earnings of $0.11 per share, missing estimates of $0.41, while revenue was $16.11 million versus expectations of $16.30 million. Institutional investors own 55.11% of the company.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently weighed in on the company. Brean Capital downgraded Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 price target for the company. in a research note on Friday, August 7th. Hovde Group cut 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 research note on Friday, July 10th. Zacks Research downgraded shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Citigroup downgraded shares of Citizens Community Bancorp to a "neutral" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Citizens Community Bancorp currently has a consensus rating of "Hold" and an average target price of $23.50.

Citizens Community Bancorp Trading Down 1.4%

Citizens Community Bancorp stock opened at $21.10 on Friday. Citizens Community Bancorp has a 12 month low of $14.61 and a 12 month high of $24.42. The business's 50 day simple moving average is $21.32 and its 200 day simple moving average is $21.32. The company has a market cap of $203.62 million, a price-to-earnings ratio of 16.11 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced 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 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%. As a group, equities research analysts forecast that Citizens Community Bancorp will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CZWI. Deutsche Bank AG bought a new position in shares of Citizens Community Bancorp in the second quarter valued at approximately $187,000. Sei Investments Co. bought a new position in shares of Citizens Community Bancorp in the first quarter worth $202,000. Bank of America Corp DE raised its position in shares of Citizens Community Bancorp by 12.2% in the first quarter. Bank of America Corp DE now owns 13,704 shares of the bank's stock worth $271,000 after buying an additional 1,494 shares in the last quarter. Hsbc Holdings PLC increased its stake 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 acquiring an additional 1,044 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Citizens Community Bancorp during the second 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.

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