Weiss Ratings Reaffirms "Hold (C)" Rating for Citizens Community Bancorp (NASDAQ:CZWI)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Citizens Community Bancorp (NASDAQ:CZWI) following a report on its recent performance.
• Citizens Community Bancorp's stock price is currently at $15.90, with a market cap of $156.93 million and a price-to-earnings ratio of 12.82.
• Insider trading activity has increased, with Director Francis E. Felber buying 3,000 shares, representing a 17.70% increase in their ownership of the stock.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Citizens Community Bancorp Trading Down 0.2%

NASDAQ:CZWI traded down $0.03 during mid-day trading on Wednesday, hitting $15.90. The company had a trading volume of 16,160 shares, compared to its average volume of 20,966. The business has a fifty day simple moving average of $16.02 and a 200-day simple moving average of $14.93. Citizens Community Bancorp has a 1 year low of $12.69 and a 1 year high of $17.04. The firm has a market capitalization of $156.93 million, a price-to-earnings ratio of 12.82 and a beta of 0.75.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $16.15 million for the quarter, compared to analyst estimates of $14.70 million. Citizens Community Bancorp had a net margin of 12.65% and a return on equity of 6.89%. As a group, research analysts anticipate that Citizens Community Bancorp will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other Citizens Community Bancorp news, Director Francis E. Felber bought 3,000 shares of Citizens Community Bancorp stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $14.80 per share, with a total value of $44,400.00. Following the acquisition, the director owned 19,950 shares in the company, valued at approximately $295,260. This trade represents a 17.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 7,071 shares of company stock worth $105,238 in the last three months. 3.90% of the stock is owned by company insiders.

Institutional Trading of Citizens Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Citizens Community Bancorp by 611.1% during the second quarter. BNP Paribas Financial Markets now owns 2,048 shares of the bank's stock worth $28,000 after purchasing an additional 1,760 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Citizens Community Bancorp during the second quarter worth about $30,000. Osaic Holdings Inc. lifted its holdings in shares of Citizens Community Bancorp by 858.5% during the second quarter. Osaic Holdings Inc. now owns 3,000 shares of the bank's stock worth $41,000 after purchasing an additional 2,687 shares during the period. Bank of America Corp DE lifted its holdings in shares of Citizens Community Bancorp by 5,348.0% during the second quarter. Bank of America Corp DE now owns 4,086 shares of the bank's stock worth $56,000 after purchasing an additional 4,011 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Citizens Community Bancorp during the second quarter worth about $63,000. Hedge funds and other institutional investors own 55.11% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.