Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst sentiment is neutral: Citizens Community Bancorp has a consensus “Hold” rating from five analysts—four holds and one buy—with an average 12-month price target of $23.50.
• Recent earnings missed expectations: The bank reported quarterly EPS of $0.11, below the $0.41 consensus estimate, while revenue of $16.11 million was slightly below forecasts.
• Shares and dividend: CZWI recently opened at $22.10, near its 52-week high of $24.42, and pays a quarterly dividend of $0.105 per share, equivalent to a 1.9% yield.

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.50.

Several equities research analysts have recently commented on the company. Hovde Group cut Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. Citigroup lowered shares of Citizens Community Bancorp to a "neutral" rating in a research report on Friday, August 7th. Brean Capital cut shares of Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 price objective on the stock. in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Citizens Community Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Zacks Research cut shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th.

Institutional Investors Weigh In On Citizens Community Bancorp

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Citizens Community Bancorp by 611.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank's stock valued at $28,000 after buying an additional 1,760 shares during the period. Osaic Holdings Inc. grew its holdings in Citizens Community Bancorp by 858.5% during the second quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank's stock worth $41,000 after acquiring an additional 2,687 shares during the period. Bank of America Corp DE raised its position in Citizens Community Bancorp by 5,348.0% in the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock worth $56,000 after acquiring an additional 4,011 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Citizens Community Bancorp in the second quarter valued at $63,000. Finally, California State Teachers Retirement System lifted its holdings in Citizens Community Bancorp by 479.1% in the second quarter. California State Teachers Retirement System now owns 2,971 shares of the bank's stock valued at $69,000 after acquiring an additional 2,458 shares during the period. Hedge funds and other institutional investors own 55.11% of the company's stock.

Citizens Community Bancorp Stock Performance

Shares of CZWI opened at $22.10 on Wednesday. Citizens Community Bancorp has a fifty-two week low of $14.61 and a fifty-two week high of $24.42. The firm has a 50-day simple moving average of $21.99 and a 200-day simple moving average of $20.81. The company has a market capitalization of $213.26 million, a price-to-earnings ratio of 16.87 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The company had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. Equities research analysts forecast that Citizens Community Bancorp will post 1.64 EPS for the current year.

Citizens Community Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp's dividend payout ratio is currently 32.06%.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc is a bank holding company headquartered in Columbia Station, Ohio. Its primary subsidiary, Citizens Community Savings Bank, offers a range of community banking services to individuals and businesses. The company operates through a network of branch offices in Lorain and Medina counties and surrounding communities, providing personalized financial solutions with a focus on local relationships and customer service.

The bank's deposit products include checking and savings accounts, money market accounts and certificates of deposit, while its lending portfolio features residential mortgage loans, home equity lines of credit, commercial real estate loans, and small-business financing.

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