Citizens Community Bancorp (NASDAQ:CZWI) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• CZWI shares briefly moved above their 50-day moving average of $21.72, reaching $21.84 before closing at $21.38. The bank has a market capitalization of approximately $206 million.
• Analyst sentiment has weakened, with multiple brokerages downgrading the stock to neutral or hold and one rating it a sell. The consensus rating is Hold, with an average price target of $23.50.
• Citizens Community Bancorp reported quarterly EPS of $0.11, missing the $0.41 consensus estimate, while revenue was $16.11 million. The company paid a quarterly dividend of $0.105, equivalent to a 2.0% annualized yield.

Shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.72 and traded as high as $21.84. Citizens Community Bancorp shares last traded at $21.38, with a volume of 40,161 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CZWI. Hovde Group downgraded Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and increased their price target for the stock from $21.00 to $24.00 in a report on Friday, July 10th. Citigroup lowered Citizens Community Bancorp to a "neutral" rating in a research report on Friday, August 7th. Brean Capital cut Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 target price for the company. in a research note on Friday, August 7th. Zacks Research downgraded shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Citizens Community Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Citizens Community Bancorp currently has an average rating of "Hold" and a consensus price target of $23.50.

Citizens Community Bancorp Trading Down 2.2%

The company has a market cap of $206.32 million, a P/E ratio of 16.32 and a beta of 0.50. The business has a 50 day moving average price of $21.72 and a 200-day moving average price of $21.05.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last issued its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). Citizens Community Bancorp had a net margin of 12.94% and a return on equity of 6.77%. The firm had revenue of $16.11 million during the quarter, compared to analyst estimates of $16.30 million. On average, sell-side analysts expect that Citizens Community Bancorp, Inc. will post 1.64 earnings per share for the current year.

Citizens Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Citizens Community Bancorp's payout ratio is presently 32.06%.

Institutional Trading of Citizens Community Bancorp

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Citizens Community Bancorp in the 2nd quarter valued at approximately $14,797,000. The Manufacturers Life Insurance Company acquired a new position in Citizens Community Bancorp during the 2nd quarter worth approximately $11,247,000. Dimensional Fund Advisors LP lifted its stake in Citizens Community Bancorp by 3.1% in 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 during the last quarter. Rhino Investment Partners Inc bought a new position in Citizens Community Bancorp in the 1st quarter valued at approximately $3,214,000. Finally, UBS Group AG boosted its position in Citizens Community Bancorp by 123.9% in the fourth quarter. UBS Group AG now owns 169,805 shares of the bank's stock valued at $3,026,000 after buying an additional 93,952 shares in the last quarter. 55.11% of the stock is owned by institutional investors and hedge funds.

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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