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

Key Points

• Wall Street Zen upgraded Citizens Community Bancorp from “hold” to “buy.” Despite the upgrade, analyst consensus remains “hold,” with a $23.50 average price target.
• The bank reported quarterly EPS of $0.56, beating the $0.44 consensus estimate; revenue of $17.37 million also topped expectations of $16.90 million.
• Shares opened at $23.82, near their 52-week high of $24.75, and institutional investors and hedge funds own 55.11% of the stock.

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

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

Citizens Community Bancorp Stock Up 1.6%

NASDAQ CZWI opened at $23.82 on Friday. The stock has a market cap of $227.48 million, a price-to-earnings ratio of 15.88 and a beta of 0.51. The business has a fifty day moving average of $22.08 and a 200-day moving average of $20.93. Citizens Community Bancorp has a fifty-two week low of $16.27 and a fifty-two week high of $24.75.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The bank reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.12. The company had revenue of $17.37 million during the quarter, compared to the consensus estimate of $16.90 million. Citizens Community Bancorp had a net margin of 14.56% and a return on equity of 7.64%. As a group, analysts anticipate that Citizens Community Bancorp will post 1.57 EPS for the current year.

Institutional Investors Weigh In On Citizens Community Bancorp

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Citizens Community Bancorp in the 2nd quarter valued at about $11,247,000. BlackRock Inc. acquired a new stake in shares of Citizens Community Bancorp during the second quarter valued at about $14,797,000. Pinnacle Holdings LLC purchased a new stake in shares of Citizens Community Bancorp during the second quarter worth about $2,135,000. Hsbc Holdings PLC purchased a new stake in shares of Citizens Community Bancorp during the second quarter worth about $1,245,000. Finally, Empowered Funds LLC purchased a new stake in shares of Citizens Community Bancorp during the second quarter worth about $1,668,000. 55.11% of the stock is owned by institutional investors and hedge funds.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc. is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, it provides community banking services to individuals, businesses and organizations in Wisconsin and Minnesota. The bank offers deposit accounts, including checking, savings and certificates of deposit, along with lending services. Its loan offerings include commercial, agricultural, residential real estate and consumer loans.

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