Banc Funds Co. LLC Cuts Stock Position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI)

Banc Funds Co. LLC cut its position in Citizens Community Bancorp, Inc. (NASDAQ:CZWI) by 17.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 559,970 shares of the bank’s stock after selling 119,550 shares during the quarter. Banc Funds Co. LLC owned approximately 0.06% of Citizens Community Bancorp worth $7,935,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Citizens Community Bancorp by 309.5% during the 1st quarter. Vanguard Group Inc. now owns 610,734 shares of the bank’s stock worth $7,420,000 after acquiring an additional 461,594 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Citizens Community Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 280,698 shares of the bank’s stock worth $3,248,000 after purchasing an additional 2,986 shares during the last quarter. Fourthstone LLC acquired a new position in shares of Citizens Community Bancorp during the third quarter worth $1,520,000. Empowered Funds LLC boosted its position in shares of Citizens Community Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 58,232 shares of the bank’s stock worth $825,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Citizens Community Bancorp by 25.0% during the 2nd quarter. Acadian Asset Management LLC now owns 48,065 shares of the bank’s stock worth $554,000 after buying an additional 9,615 shares during the last quarter. 55.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Citizens Community Bancorp in a research note on Friday, November 22nd. They issued a “buy” rating for the company.

Citizens Community Bancorp Stock Performance

Shares of Citizens Community Bancorp stock opened at $16.21 on Monday. The company has a 50 day moving average price of $14.52 and a 200 day moving average price of $13.01. The firm has a market capitalization of $162.59 million, a P/E ratio of 11.50 and a beta of 1.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. Citizens Community Bancorp, Inc. has a 52 week low of $10.14 and a 52 week high of $16.61.

Citizens Community Bancorp (NASDAQ:CZWI) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $25.43 million during the quarter, compared to analysts’ expectations of $14.00 million. Citizens Community Bancorp had a net margin of 14.70% and a return on equity of 8.64%. Sell-side analysts expect that Citizens Community Bancorp, Inc. will post 1.34 EPS for the current year.

About Citizens Community Bancorp

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.