Pinnacle Holdings LLC Buys Shares of 91,262 Citizens Community Bancorp, Inc. $CZWI

Key Points

• Pinnacle Holdings LLC acquired 91,262 shares of Citizens Community Bancorp valued at approximately $2.14 million, giving it a 0.95% stake. Institutional investors collectively own 55.11% of the company.
• Analyst sentiment weakened, with several firms downgrading the stock; the consensus rating is “Hold” with an average price target of $23.50.
• Citizens Community Bancorp reported quarterly EPS of $0.11, missing expectations of $0.41, while revenue was $16.11 million. The bank maintains a quarterly dividend of $0.105 per share, equivalent to a 2.0% yield.

Pinnacle Holdings LLC purchased a new position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 91,262 shares of the bank's stock, valued at approximately $2,135,000. Pinnacle Holdings LLC owned 0.95% of Citizens Community Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhino Investment Partners Inc purchased a new stake in shares of Citizens Community Bancorp in the 1st quarter worth $3,214,000. Hsbc Holdings PLC lifted its position in Citizens Community Bancorp by 95.4% during the first quarter. Hsbc Holdings PLC now owns 59,254 shares of the bank's stock valued at $1,178,000 after purchasing an additional 28,933 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Citizens Community Bancorp by 22.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 147,560 shares of the bank's stock valued at $2,922,000 after purchasing an additional 26,688 shares in the last quarter. UBS Group AG grew its holdings in Citizens Community Bancorp by 123.9% during the fourth quarter. UBS Group AG now owns 169,805 shares of the bank's stock valued at $3,026,000 after purchasing an additional 93,952 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in Citizens Community Bancorp during the third quarter valued at about $427,000. Hedge funds and other institutional investors own 55.11% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Hovde Group downgraded Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $21.00 to $24.00 in a research note on Friday, July 10th. Citigroup downgraded Citizens Community Bancorp to a "neutral" rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of Citizens Community Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Zacks Research cut shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.50.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ CZWI opened at $21.07 on Monday. The company has a market cap of $203.33 million, a P/E ratio of 16.08 and a beta of 0.51. The firm's fifty day moving average is $22.21 and its two-hundred day moving average is $20.60. Citizens Community Bancorp, Inc. has a 52-week low of $14.61 and a 52-week high of $24.42.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.30 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. As a group, analysts forecast that Citizens Community Bancorp, Inc. will post 1.64 EPS 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. Shareholders of record on Friday, August 7th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, August 7th. Citizens Community Bancorp's dividend payout ratio (DPR) is currently 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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