Citizens Community Bancorp (NASDAQ:CZWI) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Citizens Community Bancorp (NASDAQ:CZWI – Get Rating) posted its earnings results on Monday. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08, MarketWatch Earnings reports. The business had revenue of $22.23 million for the quarter, compared to analyst estimates of $16.60 million. Citizens Community Bancorp had a net margin of 24.28% and a return on equity of 11.65%.

Citizens Community Bancorp Stock Up 2.9 %

CZWI stock traded up $0.35 during trading on Tuesday, reaching $12.60. The stock had a trading volume of 9,898 shares, compared to its average volume of 5,573. Citizens Community Bancorp has a 1-year low of $11.35 and a 1-year high of $16.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $132.10 million, a P/E ratio of 6.92 and a beta of 0.91. The firm has a fifty day moving average price of $12.73 and a 200 day moving average price of $12.80.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Citizens Community Bancorp

A number of institutional investors have recently added to or reduced their stakes in CZWI. Acadian Asset Management LLC lifted its holdings in 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 buying an additional 7,901 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Citizens Community Bancorp by 5.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 42,816 shares of the bank’s stock worth $647,000 after buying an additional 2,050 shares in the last quarter. Prelude Capital Management LLC lifted its holdings in 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 buying an additional 25,907 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Citizens Community Bancorp by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 255,684 shares of the bank’s stock worth $3,112,000 after buying an additional 6,078 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Citizens Community Bancorp by 310.8% in the 1st quarter. Wellington Management Group LLP now owns 213,526 shares of the bank’s stock worth $3,226,000 after buying an additional 161,542 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Citizens Community Bancorp Company Profile

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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.