Citizens Community Bancorp (NASDAQ:CZWI) Stock Rating Upgraded by Hovde Group

Hovde Group upgraded shares of Citizens Community Bancorp (NASDAQ:CZWIFree Report) from a market perform rating to an outperform rating in a report issued on Monday, Marketbeat reports.

Separately, StockNews.com assumed coverage on Citizens Community Bancorp in a report on Saturday. They set a hold rating for the company.

View Our Latest Stock Analysis on CZWI

Citizens Community Bancorp Trading Up 2.7 %

Shares of CZWI stock opened at $11.86 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.99 and a current ratio of 0.99. Citizens Community Bancorp has a 1 year low of $7.61 and a 1 year high of $12.61. The stock has a fifty day moving average of $11.75 and a two-hundred day moving average of $10.65. The firm has a market capitalization of $124.17 million, a PE ratio of 9.49 and a beta of 1.00.

Citizens Community Bancorp (NASDAQ:CZWIGet Free Report) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. Citizens Community Bancorp had a return on equity of 8.09% and a net margin of 13.82%. The company had revenue of $24.51 million during the quarter, compared to analyst estimates of $13.90 million. As a group, research analysts expect that Citizens Community Bancorp will post 1.23 EPS 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 dividend of $0.32 per share. This represents a yield of 2.6%. This is a positive change from Citizens Community Bancorp’s previous annual dividend of $0.29. The ex-dividend date of this dividend was Thursday, February 8th. Citizens Community Bancorp’s payout ratio is presently 25.60%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its position in Citizens Community Bancorp by 7.9% during the second quarter. Alliancebernstein L.P. now owns 914,962 shares of the bank’s stock valued at $8,098,000 after buying an additional 66,926 shares during the period. The Manufacturers Life Insurance Company increased its position in Citizens Community Bancorp by 1.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 670,763 shares of the bank’s stock worth $10,135,000 after purchasing an additional 10,157 shares during the last quarter. Vanguard Group Inc. increased its position in Citizens Community Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 435,534 shares of the bank’s stock worth $6,581,000 after purchasing an additional 14,433 shares during the last quarter. Royce & Associates LP increased its position in Citizens Community Bancorp by 9.5% in the 2nd quarter. Royce & Associates LP now owns 283,335 shares of the bank’s stock worth $2,508,000 after purchasing an additional 24,582 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Citizens Community Bancorp by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 257,648 shares of the bank’s stock worth $3,098,000 after purchasing an additional 1,964 shares during the last quarter. 54.24% of the stock is owned by institutional investors and hedge funds.

Citizens Community Bancorp Company Profile

(Get Free Report)

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. The company accepts various deposit products, including demand deposits, savings and money market accounts, and certificates of deposit.

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