Zacks: Brokerages Expect Citizens Community Bancorp Inc. (NASDAQ:CZWI) Will Post Earnings of $0.17 Per Share

Equities analysts forecast that Citizens Community Bancorp Inc. (NASDAQ:CZWI) will announce earnings of $0.17 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Citizens Community Bancorp’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.19. Citizens Community Bancorp posted earnings of $0.23 per share during the same quarter last year, which indicates a negative year over year growth rate of 26.1%. The business is expected to announce its next quarterly earnings report on Monday, August 3rd.

According to Zacks, analysts expect that Citizens Community Bancorp will report full year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.86. For the next year, analysts anticipate that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.84 to $0.98. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Citizens Community Bancorp.

Citizens Community Bancorp (NASDAQ:CZWI) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $16.27 million during the quarter, compared to analysts’ expectations of $14.95 million. Citizens Community Bancorp had a return on equity of 7.82% and a net margin of 13.92%.

A number of equities analysts have commented on CZWI shares. Zacks Investment Research raised Citizens Community Bancorp from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Friday. ValuEngine cut Citizens Community Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, TheStreet cut Citizens Community Bancorp from a “c” rating to a “d” rating in a report on Tuesday, April 28th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Citizens Community Bancorp by 28.8% during the first quarter. Wells Fargo & Company MN now owns 14,631 shares of the bank’s stock worth $95,000 after buying an additional 3,269 shares during the period. Alliancebernstein L.P. boosted its position in shares of Citizens Community Bancorp by 31.4% during the first quarter. Alliancebernstein L.P. now owns 422,653 shares of the bank’s stock worth $2,726,000 after buying an additional 101,046 shares during the period. Banc Funds Co. LLC boosted its position in shares of Citizens Community Bancorp by 0.8% during the first quarter. Banc Funds Co. LLC now owns 602,825 shares of the bank’s stock worth $3,888,000 after buying an additional 5,000 shares during the period. State Street Corp boosted its position in shares of Citizens Community Bancorp by 15.5% during the first quarter. State Street Corp now owns 28,847 shares of the bank’s stock worth $186,000 after buying an additional 3,867 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Citizens Community Bancorp by 341.4% during the first quarter. BlackRock Inc. now owns 13,353 shares of the bank’s stock worth $86,000 after buying an additional 10,328 shares during the period. Institutional investors and hedge funds own 53.06% of the company’s stock.

Shares of Citizens Community Bancorp stock traded down $0.03 during mid-day trading on Friday, reaching $7.26. 6,426 shares of the stock traded hands, compared to its average volume of 24,716. The business has a 50-day moving average of $7.36 and a 200 day moving average of $9.72. Citizens Community Bancorp has a fifty-two week low of $5.26 and a fifty-two week high of $12.75. The stock has a market capitalization of $81.29 million, a PE ratio of 7.33 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.83.

Citizens Community Bancorp Company Profile

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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