Citizens Community Bancorp (NASDAQ:CZWI) Issues Quarterly Earnings Results

Key Points

• Citizens Community Bancorp reported an earnings per share (EPS) of $0.33 for the quarter, exceeding analysts' expectations of $0.29.
• The company's market capitalization stands at $149.65 million with a PE ratio of 11.89 and a return on equity of 7.26%.
• Wall Street Zen has downgraded Citizens Community Bancorp's rating from "buy" to "hold."

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) issued its quarterly earnings data on Monday. The bank reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.04, Zacks reports. Citizens Community Bancorp had a return on equity of 6.93% and a net margin of 12.65%. The company had revenue of $16.15 million for the quarter, compared to the consensus estimate of $14.70 million.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI traded down $0.07 during mid-day trading on Thursday, hitting $14.67. 18,732 shares of the company's stock traded hands, compared to its average volume of 35,344. The company has a fifty day moving average of $14.40 and a 200 day moving average of $14.69. Citizens Community Bancorp has a twelve month low of $11.74 and a twelve month high of $17.04. The company has a market capitalization of $146.52 million, a P/E ratio of 11.86 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Citizens Community Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Institutional Trading of Citizens Community Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in Citizens Community Bancorp by 108.2% during the 1st quarter. Jane Street Group LLC now owns 41,813 shares of the bank's stock worth $601,000 after acquiring an additional 21,726 shares during the period. Goldman Sachs Group Inc. lifted its position in Citizens Community Bancorp by 59.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank's stock worth $602,000 after acquiring an additional 15,582 shares during the period. Finally, Empowered Funds LLC lifted its position in Citizens Community Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 61,373 shares of the bank's stock worth $883,000 after acquiring an additional 2,041 shares during the period. Institutional investors and hedge funds own 55.11% of the company's stock.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.