Citizens Community Bancorp (NASDAQ:CZWI) Announces Earnings Results

Citizens Community Bancorp (NASDAQ:CZWI – Get Rating) issued its quarterly earnings results on Monday. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08, MarketWatch Earnings reports. The business had revenue of $22.23 million for the quarter, compared to analysts’ expectations of $16.60 million. Citizens Community Bancorp had a net margin of 22.25% and a return on equity of 11.23%.

Citizens Community Bancorp Price Performance

Shares of NASDAQ CZWI opened at $12.60 on Wednesday. The firm’s 50-day moving average price is $12.70 and its 200-day moving average price is $12.80. Citizens Community Bancorp has a 1-year low of $11.35 and a 1-year high of $16.49. The firm has a market capitalization of $132.05 million, a P/E ratio of 6.92 and a beta of 0.91. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63.

Hedge Funds Weigh In On Citizens Community Bancorp

Several institutional investors have recently made changes to their positions in CZWI. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Citizens Community Bancorp by 5.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,816 shares of the bank’s stock valued at $647,000 after purchasing an additional 2,050 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Citizens Community Bancorp by 30.9% in the 1st quarter. Acadian Asset Management LLC now owns 33,455 shares of the bank’s stock worth $504,000 after acquiring an additional 7,901 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Citizens Community Bancorp by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 243,255 shares of the bank’s stock worth $3,676,000 after acquiring an additional 6,456 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Citizens Community Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 435,534 shares of the bank’s stock worth $6,581,000 after acquiring an additional 14,433 shares during the last quarter. Finally, Prelude Capital Management LLC raised its holdings in shares of Citizens Community Bancorp by 43.3% in the 1st quarter. Prelude Capital Management LLC now owns 85,750 shares of the bank’s stock worth $1,296,000 after acquiring an additional 25,907 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on shares of Citizens Community Bancorp to $13.00 in a research report on Thursday, September 29th.

About Citizens Community Bancorp

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Citizens Community Bancorp, Inc operates as a bank holding company for Citizens Community Federal Bank. It provides commercial, agricultural and consumer banking services. The company was founded in 2004 and is headquartered in Eau Claire, WI.