Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Stock Has Consensus Price Target of $23.50 According to Brokerages

Key Points

• Analyst sentiment is neutral: Five brokerages assign Citizens Community Bancorp an average “Hold” rating, with a consensus 12-month price target of $23.50 versus the stock’s $21.30 opening price.
• Institutional ownership is significant: Institutional investors hold 55.11% of the company, while BlackRock and Manufacturers Life Insurance each established sizable new positions during the second quarter.
• Quarterly earnings missed expectations: Citizens Community Bancorp reported $0.11 in EPS versus the $0.41 consensus estimate, though it maintains a quarterly dividend of $0.105 per share, equivalent to a 2.0% annual yield.

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.50.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Citizens Community Bancorp during the 2nd quarter valued at $14,797,000. The Manufacturers Life Insurance Company bought a new stake in shares of Citizens Community Bancorp during the second quarter worth $11,247,000. Dimensional Fund Advisors LP lifted its position in shares of Citizens Community Bancorp by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank's stock worth $6,865,000 after purchasing an additional 10,515 shares during the last quarter. Rhino Investment Partners Inc purchased a new stake in shares of Citizens Community Bancorp during the first quarter valued at $3,214,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Citizens Community Bancorp by 22.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 147,560 shares of the bank's stock worth $2,922,000 after purchasing an additional 26,688 shares during the last quarter. Institutional investors own 55.11% of the company's stock.

Citizens Community Bancorp Stock Up 0.5%

CZWI stock opened at $21.30 on Friday. Citizens Community Bancorp has a 52 week low of $14.61 and a 52 week high of $24.42. The company has a fifty day simple moving average of $21.36 and a two-hundred day simple moving average of $21.23. The firm has a market capitalization of $205.54 million, a P/E ratio of 16.26 and a beta of 0.50.

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

Citizens Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp's dividend payout ratio is 32.06%.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgage, home equity, commercial real estate, agricultural, business and consumer lending. Its services also include online and mobile banking, treasury management and other conventional banking products.

Citizens Community Federal serves customers through a network of branches and banking offices in Wisconsin and Minnesota.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.