Citizens Community Bancorp (NASDAQ:CZWI) Downgraded to Hold Rating by StockNews.com

by · The Cerbat Gem

StockNews.com cut shares of Citizens Community Bancorp (NASDAQ:CZWI – Free Report) from a buy rating to a hold rating in a report issued on Friday morning.

Citizens Community Bancorp Stock Performance

Shares of CZWI opened at $13.59 on Friday. Citizens Community Bancorp has a 12 month low of $10.14 and a 12 month high of $17.04. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $15.12. The stock has a market capitalization of $135.76 million, a P/E ratio of 10.22 and a beta of 0.82.

Citizens Community Bancorp (NASDAQ:CZWI – Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Citizens Community Bancorp had a return on equity of 7.87% and a net margin of 13.79%. As a group, analysts predict that Citizens Community Bancorp will post 1.31 EPS for the current year.

Citizens Community Bancorp Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.36 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Citizens Community Bancorp’s previous annual dividend of $0.32. This represents a yield of 2%. Citizens Community Bancorp’s dividend payout ratio (DPR) is 27.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CZWI. Dimensional Fund Advisors LP raised its stake in Citizens Community Bancorp by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,796 shares of the bank’s stock valued at $4,900,000 after purchasing an additional 14,367 shares in the last quarter. Fourthstone LLC lifted its position in Citizens Community Bancorp by 145.8% in the fourth quarter. Fourthstone LLC now owns 263,742 shares of the bank’s stock valued at $4,296,000 after purchasing an additional 156,461 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Citizens Community Bancorp by 1.7% in the third quarter. Geode Capital Management LLC now owns 104,125 shares of the bank’s stock worth $1,476,000 after purchasing an additional 1,732 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Citizens Community Bancorp during the 4th quarter valued at $1,534,000. Finally, RFG Bristol Wealth Advisors LLC bought a new stake in Citizens Community Bancorp in the 4th quarter worth $1,449,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

About Citizens Community Bancorp

(Get Free Report)

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.

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