FIG Partners Brokers Boost Earnings Estimates for Citizens Community Bancorp Inc. (CZWI)

Citizens Community Bancorp Inc. (NASDAQ:CZWI) – Equities research analysts at FIG Partners upped their Q2 2020 earnings per share estimates for Citizens Community Bancorp in a research note issued on Thursday, May 16th. FIG Partners analyst B. Martin now forecasts that the bank will post earnings per share of $0.29 for the quarter, up from their previous forecast of $0.27. FIG Partners also issued estimates for Citizens Community Bancorp’s Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.34 EPS and Q1 2021 earnings at $0.34 EPS.

Citizens Community Bancorp (NASDAQ:CZWI) last announced its quarterly earnings results on Friday, April 26th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.10). The firm had revenue of $12.39 million for the quarter, compared to analyst estimates of $12.70 million. Citizens Community Bancorp had a net margin of 6.87% and a return on equity of 5.07%.

CZWI has been the topic of several other research reports. TheStreet cut shares of Citizens Community Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, April 26th. Hovde Group initiated coverage on shares of Citizens Community Bancorp in a research report on Friday, March 22nd. They set an “outperform” rating and a $14.00 price target on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Citizens Community Bancorp presently has an average rating of “Buy” and an average price target of $14.00.

Shares of CZWI stock opened at $11.08 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.07 and a current ratio of 1.03. The stock has a market cap of $121.77 million, a PE ratio of 16.29 and a beta of 0.36. Citizens Community Bancorp has a twelve month low of $10.50 and a twelve month high of $14.25.

Several hedge funds have recently made changes to their positions in CZWI. Banc Funds Co. LLC boosted its position in shares of Citizens Community Bancorp by 1,405.8% during the 4th quarter. Banc Funds Co. LLC now owns 346,330 shares of the bank’s stock valued at $3,744,000 after acquiring an additional 323,330 shares during the last quarter. Cutler Capital Management LLC acquired a new position in shares of Citizens Community Bancorp during the 4th quarter valued at about $2,956,000. Southside Capital LLC acquired a new position in shares of Citizens Community Bancorp during the 4th quarter valued at about $1,459,000. BlueCrest Capital Management Ltd acquired a new position in shares of Citizens Community Bancorp during the 1st quarter valued at about $164,000. Finally, Northern Trust Corp acquired a new position in shares of Citizens Community Bancorp during the 1st quarter valued at about $120,000. 49.20% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens Community Bancorp

Citizens Community Bancorp, Inc operates as a holding company for Citizens Community Federal N.A. that provides various consumer, commercial, and agricultural banking products and services in Wisconsin, Minnesota, and Michigan. It accepts various deposit products, including demand deposits, savings and money-market accounts, and certificates of deposit.

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Earnings History and Estimates for Citizens Community Bancorp (NASDAQ:CZWI)

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