Citizens Community Bancorp (NASDAQ:CZWI) Downgraded by Zacks Investment Research

Citizens Community Bancorp (NASDAQ:CZWIGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Citizens Community Bancorp, Inc. operates as the holding company for Citizens Community Federal that offers various financial services. It is engaged in the business of attracting deposits from the general public and investing those deposits in residential and consumer loans. It offers various deposit products, including checking accounts, savings accounts, demand accounts, certificates of deposit, and money market account. The company’s real estate loans include one-to four-family first mortgages, second mortgages and home equity lines of credit, and multi-family and commercial; and consumer loans include new and used auto, motorcycle, boat, and recreational vehicle loans. It also provides loans secured by savings deposits; and unsecured loans. Based in Eau Claire, Wisconsin, the company operates full-service banking offices in Wisconsin, Minnesota and Michigan. “

Separately, TheStreet upgraded Citizens Community Bancorp from a “c-” rating to a “b” rating in a research note on Monday, January 31st.

CZWI stock traded up $0.09 during midday trading on Wednesday, reaching $13.79. The stock had a trading volume of 3,181 shares, compared to its average volume of 16,987. The stock has a market cap of $145.31 million, a PE ratio of 6.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a fifty day simple moving average of $15.40 and a two-hundred day simple moving average of $14.40. Citizens Community Bancorp has a 52-week low of $12.36 and a 52-week high of $16.49.

Citizens Community Bancorp (NASDAQ:CZWIGet Rating) last released its quarterly earnings data on Monday, January 31st. The bank reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.18. The business had revenue of $18.79 million during the quarter, compared to analyst estimates of $16.25 million. Citizens Community Bancorp had a return on equity of 12.91% and a net margin of 26.63%. On average, sell-side analysts predict that Citizens Community Bancorp will post 1.4 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Citizens Community Bancorp by 120.5% during the 4th quarter. BlackRock Inc. now owns 91,557 shares of the bank’s stock valued at $1,261,000 after acquiring an additional 50,042 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Citizens Community Bancorp by 1.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 660,606 shares of the bank’s stock worth $9,097,000 after buying an additional 7,068 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Citizens Community Bancorp by 11.0% in the 4th quarter. Alliancebernstein L.P. now owns 744,236 shares of the bank’s stock worth $10,248,000 after buying an additional 73,685 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Citizens Community Bancorp by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 39,214 shares of the bank’s stock worth $539,000 after buying an additional 774 shares during the last quarter. Finally, Petiole USA ltd acquired a new stake in Citizens Community Bancorp in the 4th quarter worth about $6,325,000. Institutional investors and hedge funds own 49.16% of the company’s stock.

About Citizens Community Bancorp (Get Rating)

Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal Bank. It provides commercial, agricultural and consumer banking services. The company was founded in 2004 and is headquartered in Eau Claire, WI.

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