Royce & Associates LP Reduces Position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Key Points

• Royce & Associates LP reduced its stake in Citizens Community Bancorp by 28.2%, selling 45,392 shares, and now holds about 115,349 shares valued at approximately $1.66 million.
• Several other institutional investors increased their positions in Citizens Community Bancorp, with Ritholtz Wealth Management boosting their holdings by 159.4% during the first quarter.
• Citizens Community Bancorp reported earnings of $0.33 per share for the last quarter, exceeding expectations, with projected earnings of 1.31 per share for the current year, despite a recent downgrade from analysts from "buy" to "hold."

Royce & Associates LP cut its holdings in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 28.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,349 shares of the bank's stock after selling 45,392 shares during the quarter. Royce & Associates LP owned about 1.15% of Citizens Community Bancorp worth $1,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in Citizens Community Bancorp by 50.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 65,724 shares of the bank's stock valued at $1,071,000 after purchasing an additional 22,025 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Citizens Community Bancorp by 36.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,958 shares of the bank's stock valued at $407,000 after purchasing an additional 6,631 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in Citizens Community Bancorp in the 4th quarter valued at about $1,449,000. Russell Investments Group Ltd. acquired a new position in shares of Citizens Community Bancorp in the 4th quarter worth approximately $31,000. Finally, Fourthstone LLC lifted its holdings in shares of Citizens Community Bancorp by 145.8% in the 4th quarter. Fourthstone LLC now owns 263,742 shares of the bank's stock worth $4,296,000 after acquiring an additional 156,461 shares during the last quarter. 55.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citizens Community Bancorp news, Director Francis E. Felber bought 3,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $14.80 per share, with a total value of $44,400.00. Following the purchase, the director directly owned 19,950 shares in the company, valued at approximately $295,260. This represents a 17.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Citizens Community Bancorp from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Citizens Community Bancorp Price Performance

Shares of CZWI stock traded down $0.14 during trading hours on Friday, hitting $14.61. The company had a trading volume of 55,398 shares, compared to its average volume of 35,656. The company's fifty day moving average is $14.40 and its 200 day moving average is $14.68. Citizens Community Bancorp, Inc. has a fifty-two week low of $11.74 and a fifty-two week high of $17.04. The stock has a market capitalization of $145.90 million, a PE ratio of 11.78 and a beta of 0.71.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Citizens Community Bancorp had a net margin of 12.65% and a return on equity of 6.93%. The firm had revenue of $16.15 million for the quarter, compared to the consensus estimate of $14.70 million. Equities analysts forecast that Citizens Community Bancorp, Inc. will post 1.31 earnings per share for the current year.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal N.A. that provides various traditional community banking services to businesses, agricultural operators, and consumers. It accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.