StockNews.com Downgrades Citizens Community Bancorp (NASDAQ:CZWI) to Hold

StockNews.com cut shares of Citizens Community Bancorp (NASDAQ:CZWI) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Citizens Community Bancorp Stock Performance

CZWI stock opened at $16.37 on Thursday. The firm has a market cap of $164.26 million, a P/E ratio of 11.61 and a beta of 1.08. The stock’s 50 day simple moving average is $15.32 and its 200 day simple moving average is $13.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. Citizens Community Bancorp has a 12-month low of $10.14 and a 12-month high of $17.04.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. The company had revenue of $25.43 million for the quarter, compared to the consensus estimate of $14.00 million. As a group, equities research analysts predict that Citizens Community Bancorp will post 1.34 EPS for the current year.

Institutional Trading of Citizens Community Bancorp

Hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in Citizens Community Bancorp in the third quarter worth $48,000. Commonwealth Equity Services LLC increased its holdings in shares of Citizens Community Bancorp by 10.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,254 shares of the bank’s stock worth $246,000 after acquiring an additional 2,000 shares during the period. Acadian Asset Management LLC lifted its position in Citizens Community Bancorp by 25.0% in the 2nd quarter. Acadian Asset Management LLC now owns 48,065 shares of the bank’s stock valued at $554,000 after purchasing an additional 9,615 shares during the last quarter. Empowered Funds LLC boosted its stake in Citizens Community Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 58,232 shares of the bank’s stock valued at $825,000 after purchasing an additional 2,948 shares during the period. Finally, Geode Capital Management LLC grew its position in Citizens Community Bancorp by 1.7% in the 3rd 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. 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.