Citizens Community Bancorp (NASDAQ:CZWI) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Citizens Community Bancorp (NASDAQ:CZWIGet Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Hovde Group raised Citizens Community Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, March 4th.

Check Out Our Latest Research Report on CZWI

Citizens Community Bancorp Stock Up 1.4 %

CZWI opened at $11.23 on Friday. The stock has a market capitalization of $116.86 million, a price-to-earnings ratio of 8.71 and a beta of 1.03. Citizens Community Bancorp has a 12 month low of $8.47 and a 12 month high of $12.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $11.24 and a two-hundred day moving average of $11.48.

Citizens Community Bancorp (NASDAQ:CZWIGet Free Report) last released its quarterly earnings data on Monday, April 29th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.13. The business had revenue of $25.94 million for the quarter, compared to analyst estimates of $13.90 million. Citizens Community Bancorp had a return on equity of 8.14% and a net margin of 13.69%. On average, research analysts expect that Citizens Community Bancorp will post 1.22 earnings per share for the current year.

Hedge Funds Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Citizens Community Bancorp by 309.5% during the 1st quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock worth $7,420,000 after acquiring an additional 461,594 shares in the last quarter. Gendell Jeffrey L lifted its position in Citizens Community Bancorp by 8.7% during the 1st quarter. Gendell Jeffrey L now owns 250,959 shares of the bank’s stock worth $3,049,000 after acquiring an additional 20,000 shares in the last quarter. Empowered Funds LLC raised its position in shares of Citizens Community Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 51,324 shares of the bank’s stock valued at $624,000 after purchasing an additional 3,850 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Citizens Community Bancorp by 37.3% in the 1st quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock valued at $465,000 after purchasing an additional 10,445 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Citizens Community Bancorp in the 1st quarter valued at approximately $236,000. 55.11% of the stock is owned by institutional investors and hedge funds.

Citizens Community Bancorp Company Profile

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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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