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

StockNews.com upgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Citizens Community Bancorp Price Performance

Shares of NASDAQ:CZWI opened at $14.49 on Monday. 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 1 year low of $10.14 and a 1 year high of $17.04. The business has a fifty day simple moving average of $15.42 and a 200 day simple moving average of $15.10. The firm has a market cap of $145.39 million, a price-to-earnings ratio of 10.89 and a beta of 1.12.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings data 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, sell-side analysts predict that Citizens Community Bancorp will post 1.31 earnings per share for the current fiscal year.

Citizens Community Bancorp Increases Dividend

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

Institutional Trading of Citizens Community Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Citizens Community Bancorp during the fourth quarter worth $31,000. Barclays PLC acquired a new position in Citizens Community Bancorp during the third quarter worth $48,000. Fiduciary Trust Co acquired a new position in Citizens Community Bancorp during the fourth quarter worth $165,000. Citadel Advisors LLC acquired a new position in Citizens Community Bancorp during the fourth quarter worth $202,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Citizens Community Bancorp during the fourth quarter worth $204,000. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

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.