The Manufacturers Life Insurance Company purchased a new stake in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 480,842 shares of the bank's stock, valued at approximately $11,247,000. The Manufacturers Life Insurance Company owned approximately 4.98% of Citizens Community Bancorp as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Citizens Community Bancorp by 123.3% during the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank's stock worth $12,321,000 after acquiring an additional 381,805 shares during the period. BlackRock Inc. acquired a new stake in Citizens Community Bancorp in the 2nd quarter valued at about $14,797,000. Vanguard Group Inc. boosted its position in shares of Citizens Community Bancorp by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 559,094 shares of the bank's stock valued at $8,985,000 after purchasing an additional 3,320 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Citizens Community Bancorp by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 346,741 shares of the bank's stock valued at $6,865,000 after purchasing an additional 10,515 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Citizens Community Bancorp by 116.2% during the 2nd quarter. Geode Capital Management LLC now owns 214,308 shares of the bank's stock valued at $2,958,000 after acquiring an additional 115,171 shares during the last quarter. Institutional investors own 55.11% of the company's stock.
Analyst Upgrades and Downgrades
CZWI has been the topic of a number of analyst reports. Wall Street Zen cut Citizens Community Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Citigroup cut shares of Citizens Community Bancorp to a "neutral" rating in a report on Friday, August 7th. Hovde Group downgraded shares of Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $21.00 to $24.00 in a research report on Friday, July 10th. Brean Capital lowered shares of Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 price target on the stock. in a report on Friday, August 7th. Finally, 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. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $23.50.
Get Our Latest Stock Analysis on CZWI
Citizens Community Bancorp Stock Performance
Shares of NASDAQ CZWI opened at $21.02 on Friday. The firm has a market cap of $202.84 million, a price-to-earnings ratio of 16.05 and a beta of 0.51. The business's 50-day simple moving average is $22.18 and its 200-day simple moving average is $20.66. 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 announced its earnings results on Monday, July 27th. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). Citizens Community Bancorp had a return on equity of 6.77% and a net margin of 12.94%.The firm had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.30 million. As a group, equities research analysts forecast that Citizens Community Bancorp, Inc. will post 1.64 earnings per share for the current year.
Citizens Community Bancorp Announces Dividend
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 $0.105 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 annualized dividend and a yield of 2.0%. Citizens Community Bancorp's dividend payout ratio is 32.06%.
Citizens Community Bancorp Profile
(
Free Report)
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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