Citizens Community Bancorp (NASDAQ:CZWI) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a buy rating to a hold rating in a research note published on Wednesday morning.

Citizens Community Bancorp Stock Performance

Shares of Citizens Community Bancorp stock opened at $13.37 on Wednesday. The firm has a 50 day simple moving average of $15.02 and a 200 day simple moving average of $15.17. Citizens Community Bancorp has a fifty-two week low of $10.14 and a fifty-two week high of $17.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $133.57 million, a P/E ratio of 10.05 and a beta of 1.12.

Citizens Community Bancorp (NASDAQ:CZWI) last released its earnings results on Monday, January 27th. The bank reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. Citizens Community Bancorp had a return on equity of 7.87% and a net margin of 13.79%. 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 firm also recently announced an annual dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.36 per share. The ex-dividend date was Friday, February 7th. This is an increase from Citizens Community Bancorp’s previous annual dividend of $0.32. This represents a yield of 2%. Citizens Community Bancorp’s dividend payout ratio is presently 27.07%.

Institutional Investors Weigh In On Citizens Community Bancorp

Several institutional investors have recently bought and sold shares of CZWI. Russell Investments Group Ltd. acquired a new position in shares of Citizens Community Bancorp during the 4th quarter worth about $31,000. Barclays PLC acquired a new position in shares of Citizens Community Bancorp in the third quarter valued at $48,000. Fiduciary Trust Co bought a new position in Citizens Community Bancorp in the 4th quarter valued at about $165,000. Citadel Advisors LLC acquired a new stake in Citizens Community Bancorp during the 4th quarter worth approximately $202,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Citizens Community Bancorp during the fourth quarter worth $204,000. 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.