Citizens Community Bancorp (NASDAQ:CZWI) Stock Passes Below 200-Day Moving Average of $11.06

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.06 and traded as low as $10.75. Citizens Community Bancorp shares last traded at $10.86, with a volume of 17,581 shares.

Wall Street Analysts Forecast Growth

Several research firms have commented on CZWI. StockNews.com initiated coverage on shares of Citizens Community Bancorp in a report on Sunday, March 10th. They issued a “hold” rating on the stock. Hovde Group upgraded Citizens Community Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, March 4th.

Citizens Community Bancorp Trading Up 0.6 %

The firm has a market cap of $113.60 million, a price-to-earnings ratio of 8.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.97. The firm’s fifty day moving average is $11.82 and its 200-day moving average is $11.06.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. Citizens Community Bancorp had a net margin of 13.82% and a return on equity of 7.99%. The firm had revenue of $24.51 million for the quarter, compared to analyst estimates of $13.90 million. Equities analysts anticipate that Citizens Community Bancorp, Inc. will post 1.23 earnings per share for the current year.

Citizens Community Bancorp Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.32 dividend. This is a boost from Citizens Community Bancorp’s previous annual dividend of $0.29. The ex-dividend date was Thursday, February 8th. This represents a yield of 2.6%. Citizens Community Bancorp’s dividend payout ratio (DPR) is presently 25.60%.

Hedge Funds Weigh In On Citizens Community Bancorp

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in Citizens Community Bancorp in the 4th quarter valued at about $178,000. Northern Trust Corp increased its stake in Citizens Community Bancorp by 7.8% in the 2nd quarter. Northern Trust Corp now owns 19,646 shares of the bank’s stock valued at $174,000 after buying an additional 1,419 shares during the last quarter. Jane Street Group LLC purchased a new stake in Citizens Community Bancorp in the 4th quarter valued at about $281,000. Renaissance Technologies LLC increased its stake in Citizens Community Bancorp by 46.5% in the 4th quarter. Renaissance Technologies LLC now owns 27,566 shares of the bank’s stock valued at $332,000 after buying an additional 8,751 shares during the last quarter. Finally, Morgan Stanley increased its stake in Citizens Community Bancorp by 47.5% in the 4th quarter. Morgan Stanley now owns 27,835 shares of the bank’s stock valued at $335,000 after buying an additional 8,962 shares during the last quarter. Institutional investors own 55.11% of the company’s stock.

Citizens Community Bancorp Company Profile

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.