Citizens Community Bancorp (NASDAQ:CZWI) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Citizens Community Bancorp shares fell below their 200-day moving average, trading as low as $20.96 versus the $21.19 average, before last trading at $21.25.
• Analyst sentiment has weakened, with several firms downgrading the stock to neutral or hold. The consensus rating is “Hold,” with an average price target of $23.50.
• The bank missed quarterly earnings expectations, reporting $0.11 in EPS versus the $0.41 consensus estimate, although it maintains a quarterly dividend of $0.105 per share, yielding about 2.0%.

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $21.19 and traded as low as $20.96. Citizens Community Bancorp shares last traded at $21.25, with a volume of 24,108 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CZWI. Zacks Research cut Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Brean Capital lowered Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 price objective for the company. in a research note on Friday, August 7th. 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 note on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Citizens Community Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $23.50.

Citizens Community Bancorp Stock Up 0.6%

The company has a market capitalization of $205.06 million, a PE ratio of 16.22 and a beta of 0.50. The stock's fifty day moving average price is $21.48 and its two-hundred day moving average price is $21.19.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $16.11 million for the quarter, compared to analysts' expectations of $16.30 million. Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. On average, equities research analysts forecast that Citizens Community Bancorp, Inc. will post 1.64 EPS for the current year.

Citizens Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a dividend of $0.1050 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Citizens Community Bancorp's payout ratio is 32.06%.

Hedge Funds Weigh In On Citizens Community Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in CZWI. Empowered Funds LLC bought a new stake in Citizens Community Bancorp in the second quarter valued at $1,668,000. Bank of America Corp DE bought a new position in Citizens Community Bancorp in the 2nd quarter worth $286,000. Hsbc Holdings PLC bought a new position in Citizens Community Bancorp in the 2nd quarter worth $1,245,000. The Manufacturers Life Insurance Company bought a new position in Citizens Community Bancorp in the 2nd quarter worth $11,247,000. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Citizens Community Bancorp in the 2nd quarter worth about $2,135,000. Institutional investors own 55.11% of the company's stock.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc is a bank holding company headquartered in Eau Claire, Wisconsin. Through its subsidiary, Citizens Community Federal National Association, the company provides community banking services to individuals, families, farmers and businesses.

The bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgage, home equity, commercial real estate, agricultural, business and consumer lending. Its services also include online and mobile banking, treasury management and other conventional banking products.

Citizens Community Federal serves customers through a network of branches and banking offices in Wisconsin and Minnesota.

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