Citizens Community Bancorp (NASDAQ:CZWI) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Citizens Community Bancorp (NASDAQ:CZWI) from a hold rating to a buy rating in a report published on Thursday.

Citizens Community Bancorp Stock Performance

CZWI stock opened at $12.71 on Thursday. The stock has a market capitalization of $126.97 million, a PE ratio of 9.56 and a beta of 0.82. The stock’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $15.13. Citizens Community Bancorp has a 12-month low of $10.14 and a 12-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.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Citizens Community Bancorp had a return on equity of 7.87% and a net margin of 13.79%. As a group, research analysts forecast that Citizens Community Bancorp will post 1.31 earnings per share for the current fiscal year.

Citizens Community Bancorp Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Citizens Community Bancorp’s previous annual dividend of $0.32. This represents a dividend yield of 2%. Citizens Community Bancorp’s payout ratio is currently 27.07%.

Institutional Investors Weigh In On Citizens Community Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Citizens Community Bancorp during the 4th quarter valued at $31,000. Barclays PLC purchased a new stake in Citizens Community Bancorp during the third quarter valued at $48,000. Fiduciary Trust Co bought a new position in Citizens Community Bancorp in the fourth quarter valued at about $165,000. Citadel Advisors LLC bought a new position in Citizens Community Bancorp in the fourth quarter valued at about $202,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Citizens Community Bancorp in the fourth quarter worth about $204,000. Hedge funds and other 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.