Citizens Community Bancorp (NASDAQ:CZWI) Issues Earnings Results

Key Points

• Citizens Community Bancorp exceeded earnings expectations: The bank reported quarterly EPS of $0.56, above the $0.44 consensus estimate, while revenue reached $17.37 million versus expectations of $16.90 million. Net margin was 12.94% and return on equity was 6.77%.
• Shares were trading near $21.42, with a market capitalization of approximately $206.7 million and a 52-week range of $15.50 to $24.42.
• Analyst sentiment is cautious: The stock carries a consensus “Hold” rating from one Buy and four Hold recommendations, with an average price target of $23.50.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) issued its quarterly earnings data on Monday. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.12, FiscalAI reports. The business had revenue of $17.37 million during the quarter, compared to the consensus estimate of $16.90 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%.

Citizens Community Bancorp Stock Performance

CZWI opened at $21.42 on Monday. The firm has a market cap of $206.70 million, a P/E ratio of 16.35 and a beta of 0.50. The firm has a 50-day moving average of $21.33 and a 200 day moving average of $21.44. Citizens Community Bancorp has a fifty-two week low of $15.50 and a fifty-two week high of $24.42.

Analyst Ratings Changes

Several equities analysts have commented on CZWI shares. Brean Capital cut 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 report on Friday, August 7th. Zacks Research lowered Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Weiss Ratings downgraded Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Hovde Group downgraded Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and increased their price target for the company from $21.00 to $24.00 in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded Citizens Community Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $23.50.

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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