Short Interest in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) Drops By 20.7%

Citizens Community Bancorp, Inc. (NASDAQ:CZWI) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 29,500 shares, a decline of 20.7% from the October 15th total of 37,200 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Citizens Community Bancorp in a research report on Thursday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Citizens Community Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC acquired a new stake in Citizens Community Bancorp in the first quarter valued at $236,000. Commonwealth Equity Services LLC lifted its position in shares of Citizens Community Bancorp by 10.4% during 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 last quarter. Acadian Asset Management LLC increased its stake in Citizens Community Bancorp by 37.3% during the first quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock valued at $465,000 after purchasing an additional 10,445 shares during the last quarter. Empowered Funds LLC raised 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 acquiring an additional 3,850 shares in the last quarter. Finally, Fourthstone LLC bought a new stake in Citizens Community Bancorp during the third quarter worth approximately $1,520,000. 55.11% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Community Bancorp Stock Performance

Shares of Citizens Community Bancorp stock traded up $0.21 during trading on Friday, reaching $15.21. The company’s stock had a trading volume of 20,545 shares, compared to its average volume of 16,460. The firm has a market cap of $152.56 million, a PE ratio of 10.64 and a beta of 1.06. Citizens Community Bancorp has a fifty-two week low of $10.14 and a fifty-two week high of $15.21. The company has a 50-day moving average price of $14.02 and a two-hundred day moving average price of $12.64. 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 (NASDAQ:CZWI) last announced 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 for the quarter, compared to analyst estimates of $14.00 million. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. On average, analysts forecast that Citizens Community Bancorp will post 1.34 EPS for the current year.

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.