Citizens Community Bancorp (NASDAQ:CZWI) Stock Price Crosses Below Two Hundred Day Moving Average of $11.06

Citizens Community Bancorp, Inc. (NASDAQ:CZWI)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.06 and traded as low as $10.75. Citizens Community Bancorp shares last traded at $10.86, with a volume of 17,581 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CZWI. StockNews.com began coverage on shares of Citizens Community Bancorp in a research report on Sunday, March 10th. They set a “hold” rating for the company. Hovde Group raised shares of Citizens Community Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, March 4th.

Citizens Community Bancorp Trading Up 2.7 %

The stock has a market capitalization of $114.71 million, a PE ratio of 8.78 and a beta of 1.01. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average is $11.79 and its two-hundred day moving average is $11.07.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. Citizens Community Bancorp had a net margin of 13.82% and a return on equity of 7.99%. The firm had revenue of $24.51 million during the quarter, compared to analysts’ expectations of $13.90 million. On average, analysts anticipate that Citizens Community Bancorp, Inc. will post 1.23 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 23rd. Investors of record on Friday, February 9th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This is a boost from Citizens Community Bancorp’s previous annual dividend of $0.29. This represents a yield of 2.6%. Citizens Community Bancorp’s payout ratio is 25.60%.

Institutional Investors Weigh In On Citizens Community Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new position in Citizens Community Bancorp in the fourth quarter valued at $2,573,000. Wellington Management Group LLP increased its stake in Citizens Community Bancorp by 310.8% in the first quarter. Wellington Management Group LLP now owns 213,526 shares of the bank’s stock valued at $3,226,000 after purchasing an additional 161,542 shares during the period. Alliancebernstein L.P. increased its stake in Citizens Community Bancorp by 7.9% in the second quarter. Alliancebernstein L.P. now owns 914,962 shares of the bank’s stock valued at $8,098,000 after purchasing an additional 66,926 shares during the period. Susquehanna International Group LLP acquired a new position in Citizens Community Bancorp in the fourth quarter valued at $474,000. Finally, Prelude Capital Management LLC increased its stake in Citizens Community Bancorp by 43.3% in the first quarter. Prelude Capital Management LLC now owns 85,750 shares of the bank’s stock valued at $1,296,000 after purchasing an additional 25,907 shares during the period. 55.11% of the stock is owned by hedge funds and other institutional investors.

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.