Citizens Community Bancorp (NASDAQ:CZWI) Issues Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Citizens Community Bancorp (NASDAQ:CZWI) released its quarterly earnings results on Monday. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30), FiscalAI reports. Citizens Community Bancorp had a net margin of 15.02% and a return on equity of 8.00%. The firm had revenue of $16.11 million during the quarter, compared to the consensus estimate of $16.30 million.

Citizens Community Bancorp Stock Performance

NASDAQ:CZWI opened at $23.56 on Monday. The company has a market cap of $227.12 million, a price-to-earnings ratio of 15.40 and a beta of 0.50. Citizens Community Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $24.42. The stock has a fifty day moving average price of $21.93 and a 200-day moving average price of $20.16.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CZWI. Weiss Ratings downgraded Citizens Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. Hovde Group downgraded shares of Citizens Community Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $21.00 to $24.00 in a research note on Friday, July 10th. Finally, Zacks Research raised shares of Citizens Community Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Community Bancorp currently has an average rating of “Buy” and an average price target of $24.00.

Insider Buying and Selling

In related news, Director James D. Moll sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $21.00, for a total transaction of $63,000.00. Following the completion of the sale, the director owned 35,463 shares of the company’s stock, valued at $744,723. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought a total of 3,350 shares of company stock valued at $69,815 over the last three months. 4.10% of the stock is owned by insiders.

Institutional Trading of Citizens Community Bancorp

Several large investors have recently made changes to their positions in CZWI. Wellington Management Group LLP raised its position in Citizens Community Bancorp by 123.3% during the fourth quarter. Wellington Management Group LLP now owns 691,414 shares of the bank’s stock valued at $12,321,000 after purchasing an additional 381,805 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Citizens Community Bancorp by 35.5% during the 4th quarter. AQR Capital Management LLC now owns 19,022 shares of the bank’s stock worth $339,000 after buying an additional 4,987 shares in the last quarter. Barclays PLC lifted its position in shares of Citizens Community Bancorp by 3.7% during the 4th quarter. Barclays PLC now owns 37,077 shares of the bank’s stock worth $661,000 after buying an additional 1,323 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Citizens Community Bancorp by 18.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,202 shares of the bank’s stock valued at $574,000 after buying an additional 5,000 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Citizens Community Bancorp by 44.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,632 shares of the bank’s stock valued at $189,000 after acquiring an additional 3,273 shares during the last quarter. Institutional investors and hedge funds own 55.11% of the company’s stock.

Citizens Community Bancorp Company Profile

Citizens Community Bancorp, Inc is a bank holding company headquartered in Columbia Station, Ohio. Its primary subsidiary, Citizens Community Savings Bank, offers a range of community banking services to individuals and businesses. The company operates through a network of branch offices in Lorain and Medina counties and surrounding communities, providing personalized financial solutions with a focus on local relationships and customer service.

The bank’s deposit products include checking and savings accounts, money market accounts and certificates of deposit, while its lending portfolio features residential mortgage loans, home equity lines of credit, commercial real estate loans, and small-business financing.