Citizens Community Bancorp (NASDAQ:CZWI) Releases 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) announced its quarterly earnings data on Monday. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.04, Zacks reports. Citizens Community Bancorp had a return on equity of 7.26% and a net margin of 13.19%.

Citizens Community Bancorp Price Performance

Citizens Community Bancorp stock opened at $14.98 on Monday. The company has a market capitalization of $149.65 million, a PE ratio of 11.89 and a beta of 0.71. Citizens Community Bancorp has a one year low of $11.74 and a one year high of $17.04. The business has a 50 day simple moving average of $14.43 and a 200 day simple moving average of $14.69.

Hedge Funds Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings 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 valued at $601,000 after purchasing an additional 21,726 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Citizens Community Bancorp by 59.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,890 shares of the bank's stock valued at $602,000 after buying an additional 15,582 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Citizens Community Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 61,373 shares of the bank's stock worth $883,000 after purchasing an additional 2,041 shares during the period. Institutional investors own 55.11% of the company's stock.

Wall Street Analyst Weigh In

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.