StockNews.com Upgrades Citizens Community Bancorp (NASDAQ:CZWI) to Buy

Citizens Community Bancorp (NASDAQ:CZWI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Citizens Community Bancorp Trading Down 0.4 %

Shares of NASDAQ:CZWI opened at $15.88 on Wednesday. Citizens Community Bancorp has a twelve month low of $10.14 and a twelve month high of $17.04. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm has a market cap of $159.28 million, a P/E ratio of 11.26 and a beta of 1.08. The company has a 50 day moving average of $16.04 and a 200-day moving average of $14.17.

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

Hedge Funds Weigh In On Citizens Community Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of CZWI. Ritholtz Wealth Management purchased a new position in shares of Citizens Community Bancorp in the fourth quarter worth approximately $240,000. Barclays PLC purchased a new stake in shares of Citizens Community Bancorp in the third quarter valued at $48,000. Geode Capital Management LLC boosted its position in Citizens Community Bancorp by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 104,125 shares of the bank’s stock worth $1,476,000 after acquiring an additional 1,732 shares during the period. Fourthstone LLC acquired a new stake in shares of Citizens Community Bancorp during the third quarter worth approximately $1,520,000. Finally, Empowered Funds LLC grew its position in Citizens Community Bancorp by 5.3% during the third 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 in the last quarter. Institutional investors and hedge funds 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.