Wall Street Zen Downgrades Citizens Community Bancorp (NASDAQ:CZWI) to Sell

Key Points

• Wall Street Zen downgraded Citizens Community Bancorp from “hold” to “sell,” while the broader analyst consensus remains “Hold” with a $23.50 target price.
• CZWI shares opened at $21.02, down 0.4%, with a market capitalization of about $202.8 million. The stock trades below its $24.42 yearly high but above its $14.61 low.
• The bank’s latest quarterly earnings missed expectations, reporting $0.11 per share versus the $0.41 consensus estimate, while revenue of $16.11 million was slightly below forecasts.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Other equities analysts have also issued research reports about the stock. Zacks Research lowered shares of Citizens Community Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Brean Capital downgraded shares of Citizens Community Bancorp from a "buy" rating to a "neutral" rating and set a $23.00 target price on the stock. in a research note on Friday, August 7th. Citigroup lowered Citizens Community Bancorp to a "neutral" rating in a report on Friday, August 7th. Hovde Group cut Citizens Community Bancorp from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $21.00 to $24.00 in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded Citizens Community Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Citizens Community Bancorp has a consensus rating of "Hold" and a consensus target price of $23.50.

Citizens Community Bancorp Trading Down 0.4%

CZWI stock opened at $21.02 on Friday. Citizens Community Bancorp has a one year low of $14.61 and a one year high of $24.42. The firm has a 50-day moving average of $22.18 and a two-hundred day moving average of $20.48. The firm has a market capitalization of $202.84 million, a PE ratio of 16.05 and a beta of 0.51.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $0.11 earnings per share 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 analysts' expectations of $16.30 million. On average, equities research analysts anticipate that Citizens Community Bancorp will post 1.64 earnings per share for the current year.

Insider Buying and Selling

In other Citizens Community Bancorp news, Director James D. Moll sold 2,000 shares of the business's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $20.58, for a total value of $41,160.00. Following the transaction, the director owned 33,463 shares in the company, valued at $688,668.54. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Citizens Community Bancorp

Several institutional investors have recently made changes to their positions in CZWI. BNP Paribas Financial Markets increased its holdings in Citizens Community Bancorp by 611.1% in the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank's stock worth $28,000 after buying an additional 1,760 shares during the last quarter. Osaic Holdings Inc. raised its position in Citizens Community Bancorp by 858.5% during the second quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank's stock valued at $41,000 after acquiring an additional 2,687 shares in the last quarter. Bank of America Corp DE lifted its stake in Citizens Community Bancorp by 5,348.0% in the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock valued at $56,000 after acquiring an additional 4,011 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Citizens Community Bancorp in the second quarter valued at approximately $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Citizens Community Bancorp in the second quarter valued at approximately $72,000. 55.11% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Community Bancorp

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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