Empowered Funds LLC Invests $1.67 Million in Citizens Community Bancorp, Inc. $CZWI

Key Points

• Empowered Funds LLC acquired 71,318 shares of Citizens Community Bancorp valued at approximately $1.67 million, representing about 0.74% of the company. Institutional investors and hedge funds collectively own 55.11% of the stock.
• Analyst sentiment is largely cautious: CZWI has an average rating of “Hold” from MarketBeat, with one Buy and four Hold ratings, and a consensus price target of $23.50.
• The bank reported quarterly EPS of $0.11, missing the $0.41 consensus estimate, while revenue of $16.11 million was slightly below expectations. Citizens Community Bancorp maintains a quarterly dividend of $0.105 per share, equivalent to a 1.9% annual yield.

Empowered Funds LLC purchased a new stake in Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 71,318 shares of the bank's stock, valued at approximately $1,668,000. Empowered Funds LLC owned about 0.74% of Citizens Community Bancorp at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in Citizens Community Bancorp during the 2nd quarter worth approximately $14,797,000. The Manufacturers Life Insurance Company bought a new stake in Citizens Community Bancorp in the second quarter valued at approximately $11,247,000. Wellington Management Group LLP raised its holdings in Citizens Community Bancorp by 123.3% in the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank's stock worth $12,321,000 after purchasing an additional 381,805 shares during the period. Rhino Investment Partners Inc acquired a new stake in Citizens Community Bancorp in the first quarter worth $3,214,000. Finally, Geode Capital Management LLC boosted its position in shares of Citizens Community Bancorp by 116.2% during the second quarter. Geode Capital Management LLC now owns 214,308 shares of the bank's stock worth $2,958,000 after purchasing an additional 115,171 shares in the last quarter. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CZWI has been the subject of several research analyst reports. Wall Street Zen lowered shares of Citizens Community Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Citigroup downgraded Citizens Community Bancorp to a "neutral" rating in a research note on Friday, August 7th. Brean Capital lowered Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 target price on the stock. in a report on Friday, August 7th. Weiss Ratings cut Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Finally, Zacks Research downgraded Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $23.50.

Citizens Community Bancorp Stock Up 1.7%

Shares of CZWI opened at $21.83 on Friday. The stock has a market capitalization of $210.66 million, a P/E ratio of 16.66 and a beta of 0.50. Citizens Community Bancorp, Inc. has a twelve month low of $14.61 and a twelve month high of $24.42. The company has a 50 day moving average of $22.08 and a 200-day moving average of $20.74.

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 (EPS) 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 business had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. On average, sell-side analysts anticipate that Citizens Community Bancorp, Inc. will post 1.64 earnings per share for the current fiscal year.

Citizens Community Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 7th. Citizens Community Bancorp's payout ratio is presently 32.06%.

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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