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

Banc Funds Co. LLC reduced its stake in shares of Citizens Community Bancorp, Inc. (NASDAQ:CZWI - Free Report) by 17.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 559,970 shares of the bank's stock after selling 119,550 shares during the period. Banc Funds Co. LLC owned about 5.58% of Citizens Community Bancorp worth $7,935,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its holdings in Citizens Community Bancorp by 10.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,254 shares of the bank's stock worth $246,000 after purchasing an additional 2,000 shares in the last quarter. Empowered Funds LLC boosted its stake 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 buying an additional 2,948 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Citizens Community Bancorp by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 280,698 shares of the bank's stock worth $3,248,000 after buying an additional 2,986 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Citizens Community Bancorp by 25.0% in the second quarter. Acadian Asset Management LLC now owns 48,065 shares of the bank's stock valued at $554,000 after purchasing an additional 9,615 shares during the last quarter. Finally, Fourthstone LLC purchased a new position in Citizens Community Bancorp in the third quarter valued at approximately $1,520,000. 55.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Citizens Community Bancorp in a research note on Friday, November 22nd. They issued a "buy" rating on the stock.

Citizens Community Bancorp Stock Performance

Shares of NASDAQ:CZWI traded up $0.39 during trading on Monday, hitting $16.60. 9,267 shares of the company were exchanged, compared to its average volume of 17,091. The company has a market cap of $166.50 million, a PE ratio of 11.50 and a beta of 1.06. The stock has a 50 day moving average of $14.52 and a 200 day moving average of $13.02. Citizens Community Bancorp, Inc. has a 52-week low of $10.14 and a 52-week high of $16.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95.

Citizens Community Bancorp (NASDAQ:CZWI - Get Free Report) last posted its earnings results on Monday, October 28th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $25.43 million for the quarter, compared to the consensus estimate of $14.00 million. Citizens Community Bancorp had a return on equity of 8.64% and a net margin of 14.70%. As a group, equities research analysts predict that Citizens Community Bancorp, Inc. will post 1.34 EPS for the current year.

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.