53,522 Shares in Citizens Community Bancorp, Inc. $CZWI Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 53,522 shares of Citizens Community Bancorp in the second quarter, valued at approximately $1.245 million, while institutional investors collectively owned 55.11% of the company.
• Analyst sentiment weakened, with several firms downgrading the stock; Citizens Community Bancorp carries an average “Hold” rating and a consensus price target of $23.50.
• The bank reported quarterly EPS of $0.11, missing the $0.41 consensus estimate, but continues to pay a quarterly dividend of $0.105, equivalent to a 2.0% yield.

Hsbc Holdings PLC purchased a new position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 53,522 shares of the bank's stock, valued at approximately $1,245,000. Hsbc Holdings PLC owned approximately 0.55% of Citizens Community Bancorp as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Citizens Community Bancorp in the 2nd quarter valued at $11,247,000. Pinnacle Holdings LLC purchased a new stake in shares of Citizens Community Bancorp during the 2nd quarter worth $2,135,000. BlackRock Inc. acquired a new position in shares of Citizens Community Bancorp during the second quarter worth $14,797,000. Deutsche Bank AG acquired a new position in shares of Citizens Community Bancorp during the second quarter worth $187,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Citizens Community Bancorp in the 2nd quarter valued at about $755,000. 55.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. 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 report on Friday, August 7th. Wall Street Zen cut shares of Citizens Community Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Zacks Research lowered shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, Citigroup lowered shares of Citizens Community Bancorp to a "neutral" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Citizens Community Bancorp currently has an average rating of "Hold" and a consensus price target of $23.50.

Citizens Community Bancorp Price Performance

Shares of NASDAQ CZWI opened at $20.83 on Tuesday. The stock has a fifty day moving average price of $22.15 and a 200 day moving average price of $20.68. Citizens Community Bancorp, Inc. has a 1-year low of $14.61 and a 1-year high of $24.42. The company has a market cap of $201.01 million, a PE ratio of 15.90 and a beta of 0.51.

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

Citizens Community Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp's payout ratio is presently 32.06%.

Citizens Community Bancorp 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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