Citizens Community Bancorp (NASDAQ:CZWI) Share Price Passes Below 200-Day Moving Average of $11.06

Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.06 and traded as low as $10.75. Citizens Community Bancorp shares last traded at $10.86, with a volume of 17,581 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CZWI shares. Hovde Group raised shares of Citizens Community Bancorp from a "market perform" rating to an "outperform" rating in a report on Monday, March 4th. StockNews.com started coverage on shares of Citizens Community Bancorp in a report on Sunday, March 10th. They issued a "hold" rating on the stock.

Citizens Community Bancorp Trading Down 1.7 %

The firm has a market cap of $111.71 million, a P/E ratio of 8.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a 50 day moving average of $11.82 and a 200 day moving average of $11.06.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. Citizens Community Bancorp had a net margin of 13.82% and a return on equity of 7.99%. The business had revenue of $24.51 million during the quarter, compared to analyst estimates of $13.90 million. As a group, equities research analysts predict that Citizens Community Bancorp, Inc. will post 1.23 EPS for the current year.

Citizens Community Bancorp Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.32 per share. This is a positive change from Citizens Community Bancorp's previous annual dividend of $0.29. This represents a dividend yield of 2.6%. The ex-dividend date was Thursday, February 8th. Citizens Community Bancorp's dividend payout ratio is currently 25.60%.

Institutional Trading of Citizens Community Bancorp

Institutional investors have recently modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of Citizens Community Bancorp during the fourth quarter worth about $178,000. Northern Trust Corp lifted its holdings in Citizens Community Bancorp by 7.8% in the second quarter. Northern Trust Corp now owns 19,646 shares of the bank's stock worth $174,000 after buying an additional 1,419 shares during the period. Jane Street Group LLC purchased a new stake in Citizens Community Bancorp in the fourth quarter worth about $281,000. Renaissance Technologies LLC lifted its holdings in Citizens Community Bancorp by 46.5% in the fourth quarter. Renaissance Technologies LLC now owns 27,566 shares of the bank's stock worth $332,000 after buying an additional 8,751 shares during the period. Finally, Morgan Stanley lifted its holdings in Citizens Community Bancorp by 47.5% in the fourth quarter. Morgan Stanley now owns 27,835 shares of the bank's stock worth $335,000 after buying an additional 8,962 shares during the period. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

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.