StockNews.com Initiates Coverage on Citizens Community Bancorp (NASDAQ:CZWI)

Stock analysts at StockNews.com started coverage on shares of Citizens Community Bancorp (NASDAQ:CZWI) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the bank’s stock.

Citizens Community Bancorp Price Performance

Shares of NASDAQ:CZWI opened at $11.15 on Tuesday. The company has a market capitalization of $116.07 million, a PE ratio of 8.64 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average of $11.30 and a 200-day moving average of $11.55. Citizens Community Bancorp has a one year low of $8.47 and a one year high of $12.61.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its earnings results on Monday, April 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The company had revenue of $25.94 million for the quarter, compared to analyst estimates of $13.90 million. Citizens Community Bancorp had a return on equity of 8.14% and a net margin of 13.69%. As a group, equities analysts anticipate that Citizens Community Bancorp will post 1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens Community Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Citizens Community Bancorp by 309.5% during the 1st quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock valued at $7,420,000 after acquiring an additional 461,594 shares in the last quarter. Gendell Jeffrey L boosted its holdings in shares of Citizens Community Bancorp by 8.7% during the first quarter. Gendell Jeffrey L now owns 250,959 shares of the bank’s stock worth $3,049,000 after purchasing an additional 20,000 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Citizens Community Bancorp during the first quarter valued at approximately $236,000. Acadian Asset Management LLC increased its stake in Citizens Community Bancorp by 37.3% in the 1st quarter. Acadian Asset Management LLC now owns 38,450 shares of the bank’s stock valued at $465,000 after buying an additional 10,445 shares during the period. Finally, Empowered Funds LLC lifted its position in Citizens Community Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 51,324 shares of the bank’s stock worth $624,000 after buying an additional 3,850 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.