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

Key Points

• Analysts hold a neutral view of Citizens Community Bancorp, with four hold ratings and one buy rating; the consensus 12-month price target is $23.50.
• The bank exceeded quarterly expectations, reporting $0.56 in EPS versus the $0.44 estimate and revenue of $17.37 million versus $16.90 million expected.
• Citizens Community Bancorp raised its quarterly dividend to $0.12 per share, equivalent to a $0.48 annualized payout and a 2.0% yield; institutional investors own 55.11% of the stock.

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) have received a consensus recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.50.

Several brokerages recently commented on CZWI. Zacks Research lowered Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Citigroup lowered Citizens Community Bancorp to a "neutral" rating in a research note on Friday, August 7th. Hovde Group cut Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $21.00 to $24.00 in a report on Friday, July 10th. Weiss Ratings downgraded shares of Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Finally, 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.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $23.76 on Thursday. The company has a 50-day moving average of $21.45 and a 200-day moving average of $20.61. Citizens Community Bancorp has a 52 week low of $15.50 and a 52 week high of $24.42. The company has a market capitalization of $229.28 million, a price-to-earnings ratio of 15.84 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The bank reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.12. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The firm had revenue of $17.37 million during the quarter, compared to analysts' expectations of $16.90 million. Sell-side analysts forecast that Citizens Community Bancorp will post 1.44 EPS for the current year.

Citizens Community Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.48 annualized dividend and a yield of 2.0%. This is an increase from Citizens Community Bancorp's previous quarterly dividend of $0.1050. Citizens Community Bancorp's payout ratio is 28.00%.

Hedge Funds Weigh In On Citizens Community Bancorp

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

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 such as checking, savings, money market and certificate accounts, along with lending services. Its loan portfolio includes residential and commercial real estate, agricultural, commercial and industrial, and consumer loans.

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