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

StockNews.com began coverage on shares of Citizens Community Bancorp (NASDAQ:CZWI) in a research note released on Friday morning. The brokerage issued a hold rating on the bank’s stock.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ CZWI opened at $14.10 on Friday. The business has a 50 day simple moving average of $13.13 and a 200 day simple moving average of $12.02. Citizens Community Bancorp has a 52 week low of $8.47 and a 52 week high of $14.15. The stock has a market cap of $146.72 million, a price-to-earnings ratio of 10.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its earnings results on Monday, July 29th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The company had revenue of $13.49 million during the quarter, compared to the consensus estimate of $13.80 million. Citizens Community Bancorp had a net margin of 14.07% and a return on equity of 8.37%. On average, research analysts predict that Citizens Community Bancorp will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC bought a new position in Citizens Community Bancorp in the 1st quarter worth $236,000. Commonwealth Equity Services LLC increased its stake in shares of Citizens Community Bancorp by 10.4% in the second quarter. Commonwealth Equity Services LLC now owns 21,254 shares of the bank’s stock worth $246,000 after purchasing an additional 2,000 shares during the period. Acadian Asset Management LLC lifted its position in shares of Citizens Community Bancorp by 37.3% during the 1st quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock worth $465,000 after purchasing an additional 10,445 shares during the last quarter. Empowered Funds LLC boosted its stake in Citizens Community Bancorp by 8.1% during 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 during the period. Finally, Gendell Jeffrey L grew its holdings in Citizens Community Bancorp by 8.7% in the 1st quarter. Gendell Jeffrey L now owns 250,959 shares of the bank’s stock valued at $3,049,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds 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.