632,627 Shares in Citizens Community Bancorp, Inc. $CZWI Bought by BlackRock Inc.

Key Points

• BlackRock acquired 632,627 shares of Citizens Community Bancorp in the second quarter, worth about $14.8 million and representing approximately 6.56% of the company. Institutional investors collectively own 55.11% of the stock.
• CZWI recently traded at $21.83, with a 52-week range of $14.61 to $24.42 and a market capitalization of about $210.7 million. The bank’s latest quarterly earnings of $0.11 per share missed analyst estimates of $0.41, while revenue was slightly below expectations.
• The company paid a quarterly dividend of $0.105 per share, equivalent to an annualized $0.42 dividend and a 1.9% yield. Analysts’ average rating is “Hold”, with an average price target of $23.50.

BlackRock Inc. bought a new position in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 632,627 shares of the bank's stock, valued at approximately $14,797,000. BlackRock Inc. owned approximately 6.56% of Citizens Community Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Citizens Community Bancorp by 611.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank's stock worth $28,000 after purchasing an additional 1,760 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Citizens Community Bancorp by 858.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank's stock worth $41,000 after purchasing an additional 2,687 shares in the last quarter. Bank of America Corp DE increased its holdings in Citizens Community Bancorp by 5,348.0% in the 2nd quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock valued at $56,000 after buying an additional 4,011 shares during the period. JPMorgan Chase & Co. bought a new stake in Citizens Community Bancorp during the second quarter worth $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Citizens Community Bancorp in the second quarter valued at about $72,000. 55.11% of the stock is currently owned by institutional investors.

Citizens Community Bancorp Stock Performance

CZWI opened at $21.83 on Friday. Citizens Community Bancorp, Inc. has a fifty-two week low of $14.61 and a fifty-two week high of $24.42. The firm has a 50-day moving average of $22.08 and a 200 day moving average of $20.74. The firm has a market cap of $210.66 million, a P/E ratio of 16.66 and a beta of 0.50.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its earnings results 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). 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 for the quarter, compared to the consensus estimate of $16.30 million. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend 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%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CZWI. Weiss Ratings lowered Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Brean Capital downgraded Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 price target for the company. in a report on Friday, August 7th. Hovde Group lowered shares of Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and increased their target price for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. Wall Street Zen lowered shares of Citizens Community Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Citigroup lowered Citizens Community Bancorp to a "neutral" rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $23.50.

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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