Citizens Community Bancorp Inc. is a US-listed company in the regional banks industry. Its financial year ends in December.
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~$21
Valuation models combined (6)
Base case. Range ~$13–$25. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.
Modestly overvalued
The price is inside our value range, 15% above our base value.
Price used: $23.60, November 2, 2026
Citizens Community Bancorp Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $64m, up 10.2% on a year earlier, slower than the 15.6% growth a quarter earlier. The diluted share count is down 3.3% on a year earlier, which lifts each remaining share. Our cash-flow model value is $20.53 a share, against a share price of $23.95.
Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Citizens Community Bancorp Inc.'s trailing-twelve-month revenue grew 10.2% year on year, with a free-cash-flow margin of 30.1%. Where it stands out: stock pay as % of revenue of 0.7% ranks 26 of 206 regional banks companies we cover. Where it lags: change in growth rate of -5.3pp ranks 205 of 244 regional banks companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 191.0% while net income grew 2.9%: a 188pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
We value Citizens Community Bancorp Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.67 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$22 ~$15–$34 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$23 ~$19–$29 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$25 ~$14–$36 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$16 ~$21–$31 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$13 ~$15–$20 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$23 ~$19–$30 | Included |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$21 ~$13–$25 | 6 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Citizens Community Bancorp Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: January 25, 2027, before the open. Analysts expect revenue of $18m and EPS of $0.53 (range $0.53 to $0.53) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.57 | +8% | $67m | +8% |
| Next | $2.23 | +42% | $74m | +11% |
Next year's EPS estimate has moved +1.8% in 90 days, across 2 analysts.
The consensus EPS forecast for the current fiscal year is +10.6% on 90 days ago. In the last 30 days, 0 analysts raised Citizens Community Bancorp Inc.'s forecast and 2 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.42 | $2.19 |
| 60 days ago | $1.43 | $2.17 |
| 30 days ago | $1.43 | $2.17 |
| 7 days ago | $1.43 | $2.17 |
| Now | $1.57 | $2.23 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Sept 2026 | $0.44 | $0.56 | +27.3% |
| Jun 2026 | $0.41 | $0.11 | −73.2% |
| Mar 2026 | $0.36 | $0.39 | +8.3% |
| Dec 2025 | $0.40 | $0.44 | +11.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months +53.1%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $58m | $64m | +10.2% |
| Net margin | 21.4% | 19.9% | −6.7% |
| P/E multiple | 12.4x | 17.9x | +44.0% |
| Share count | 10m | 10m | +3.4% |
Biggest factor: p/e multiple.
Last 3 years +170.6%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $64m | $64m | +0.4% |
| Net margin | 24.3% | 19.9% | −18.0% |
| P/E multiple | 5.9x | 17.9x | +205.0% |
| Share count | 10m | 10m | +7.8% |
Biggest factor: p/e multiple.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| CZWI | +29% | −11% | −0% | +43% | +12% | +35% |
| Industry peers (median) | +34% | −4% | −2% | +16% | +10% | +24% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| CZWI | 83% | 50% | 58% | 67% | 50% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| CZWI | −13% | −31% | −40% | −18% | −20% | −15% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 60% from August 6, 2018 to April 3, 2020. Getting back needed a 149% gain, reached on April 9, 2021, 371 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 26, 2026 | +10.8% | +1.3% | +10.2% | — |
| July 27, 2026 | −9.2% | +0.3% | −7.0% | −11.1% |
| April 27, 2026 | +2.9% | −0.3% | +1.1% | +0.6% |
| January 26, 2026 | −0.8% | +0.9% | +1.8% | +0.1% |
| October 27, 2025 | −0.4% | +1.4% | +1.1% | +8.0% |
| July 28, 2025 | +0.1% | −0.3% | +1.4% | +10.8% |
| April 28, 2025 | +3.6% | +0.7% | +2.6% | +1.2% |
| January 27, 2025 | −1.8% | −0.6% | −1.6% | −3.2% |
| October 28, 2024 | −0.1% | +0.5% | −0.5% | +15.9% |
| July 29, 2024 | −1.3% | −0.4% | −6.5% | +2.3% |
| April 29, 2024 | +6.2% | −1.2% | +5.7% | +11.8% |
| January 29, 2024 | +2.2% | +0.7% | +1.5% | −1.9% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $61.7M |
| FY23 Q4 | $58.6M |
| FY24 Q1 | $58.7M |
| FY24 Q2 | $57.6M |
| FY24 Q3 | $57.1M |
| FY24 Q4 | $56.6M |
| FY25 Q1 | $55.6M |
| FY25 Q2 | $58.3M |
| FY25 Q3 | $60.3M |
| FY25 Q4 | $62.3M |
| FY26 Q1 | $64.2M |
| FY26 Q2 | $64.2M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | -9.5% |
| FY23 Q4 | -12.3% |
| FY24 Q1 | -11.1% |
| FY24 Q2 | -10.0% |
| FY24 Q3 | -7.5% |
| FY24 Q4 | -3.4% |
| FY25 Q1 | -5.3% |
| FY25 Q2 | 1.2% |
| FY25 Q3 | 5.6% |
| FY25 Q4 | 10.2% |
| FY26 Q1 | 15.6% |
| FY26 Q2 | 10.2% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 25.6% |
| FY23 Q4 | 20.1% |
| FY24 Q1 | 32.7% |
| FY24 Q2 | 37.7% |
| FY24 Q3 | 35.9% |
| FY24 Q4 | 34.5% |
| FY25 Q1 | 21.7% |
| FY25 Q2 | 11.4% |
| FY25 Q3 | 15.8% |
| FY25 Q4 | 16.7% |
| FY26 Q1 | 19.1% |
| FY26 Q2 | 30.1% |
What Citizens Community Bancorp earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.
| Interest income | $87.6M | |
|---|---|---|
| Fee and other income | $11.1M | 17.9% of revenue |
| Interest paid | $36.4M | |
| Net interest income | $51.2M | 82.1% of revenue |
| Revenue | $62.3M | |
| Non-interest expense | $42.9M | 68.9% of revenue |
| Credit-loss provisions | $1.8M | 2.9% of revenue |
| Pre-tax profit | $17.6M | 28.2% of revenue |
| Income tax | $3M | 4.8% of revenue |
| Net income | $14.4M | 23.1% of revenue |
| Fiscal year | 2009 Sept 2009 | 2010 Sept 2010 | 2011 Sept 2011 | 2012 Sept 2012 | 2013 Sept 2013 | 2014 Sept 2014 | 2015 Sept 2015 | 2016 Sept 2016 | 2017 Sept 2017 | 2018 Sept 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||||||||
| Revenue | 11 | 15 | 23 | 22 | 22 | 23 | 22 | 24 | 27 | 38 | 58 | 69 | 69 | 67 | 59 | 57 | 62 | 64 |
| Net income | −3 | −7 | 0 | 0 | 1 | 3 | 3 | 3 | 2 | 4 | 9 | 13 | 21 | 18 | 13 | 14 | 14 | 13 |
| Diluted EPS | −$0.59 | −$1.39 | $0.04 | $0.04 | $0.20 | $0.48 | $0.54 | $0.49 | $0.46 | $0.58 | $0.85 | $1.14 | $1.98 | $1.69 | $1.25 | $1.34 | $1.46 | $1.32 |
| Growth (year on year) | ||||||||||||||||||
| Revenue | — | +40.0% | +52.1% | −5.5% | +0.7% | +3.9% | −3.0% | +6.7% | +12.6% | +39.4% | +55.3% | +17.5% | +1.1% | −3.9% | −12.3% | −3.4% | +10.2% | +10.2% |
| Net income | — | — | — | — | — | +139.6% | +11.8% | −8.3% | −2.9% | +71.4% | +120.9% | +34.5% | +67.1% | −16.5% | −26.5% | +5.3% | +4.9% | +2.9% |
| Diluted EPS | — | — | — | — | — | +140.0% | +12.5% | −9.3% | −6.1% | +26.1% | +46.6% | +34.1% | +73.7% | −14.6% | −26.0% | +7.2% | +9.0% | +6.3% |
| Margins | ||||||||||||||||||
| Net margin | −28.9% | −46.0% | 0.8% | 0.9% | 4.7% | 10.8% | 12.5% | 10.7% | 9.2% | 11.4% | 16.2% | 18.5% | 30.6% | 26.6% | 22.3% | 24.3% | 23.1% | 19.9% |
| Free-cash-flow margin | 6.4% | 35.9% | 40.2% | 38.8% | 27.8% | 31.7% | 24.2% | 19.7% | 4.8% | 21.0% | 10.4% | 30.9% | 25.6% | 38.5% | 20.1% | 34.5% | 16.7% | 30.1% |
| Cash flow | ||||||||||||||||||
| Cash from operations | 4 | 6 | 10 | 9 | 7 | 8 | 6 | 6 | 2 | 11 | 13 | 24 | 22 | 29 | 13 | 20 | 12 | 22 |
| Capital spending | 3 | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 3 | 7 | 3 | 4 | 4 | 1 | 1 | 1 | 3 |
| Free cash flow | 1 | 6 | 9 | 9 | 6 | 7 | 5 | 5 | 1 | 8 | 6 | 21 | 18 | 26 | 12 | 20 | 10 | 19 |
| Stock-based pay | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 1 | 0 | 0 |
| Free cash flow after stock pay | 1 | 6 | 9 | 9 | 6 | 7 | 5 | 5 | 1 | 8 | 6 | 21 | 18 | 26 | — | 19 | 10 | 19 |
| Balance sheet | ||||||||||||||||||
| Cash | — | — | — | — | — | — | — | — | — | — | 56 | 119 | 48 | 35 | 37 | 50 | 119 | 122 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 120 | 88 | 175 | 182 | 170 | 215 | 147 | 67 | 52 | 52 |
| Net debt (negative = net cash) | — | — | — | — | — | — | — | — | — | — | 119 | 62 | 122 | 180 | 110 | 16 | −67 | −70 |
| Diluted shares | — | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 7m | 11m | 11m | 11m | 11m | 10m | 10m | 10m | 10m |
| Returned to shareholders | ||||||||||||||||||
| Dividends | 1 | — | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 2 |
| Buybacks | 5 | — | — | — | — | — | — | — | 0 | 0 | 0 | 3 | 8 | 2 | 0 | 6 | 6 | — |
| Total returned | 6 | — | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 5 | 10 | 5 | 3 | 9 | 10 | 2 |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 14 | 14 | 14 | 16 | 16 | 16 | 16 | 16 |
| Net income | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 1 |
| Diluted EPS | $0.32 | $0.27 | $0.32 | $0.33 | $0.37 | $0.44 | $0.39 | $0.11 |
| Growth (year on year) | ||||||||
| Revenue | −3.3% | −3.6% | −6.5% | +19.7% | +14.3% | +14.9% | +13.5% | −0.2% |
| Net income | +31.5% | −26.8% | −21.8% | −11.0% | +12.1% | +58.1% | +17.5% | −66.3% |
| Diluted EPS | +33.3% | −25.0% | −17.9% | −5.7% | +15.6% | +63.0% | +21.9% | −66.7% |
| Margins | ||||||||
| Net margin | 23.1% | 19.7% | 22.5% | 20.3% | 22.7% | 27.1% | 23.3% | 6.8% |
| Free-cash-flow margin | 23.8% | 17.4% | 10.7% | −3.9% | 38.4% | 20.7% | 21.1% | 40.0% |
| Cash flow | ||||||||
| Cash from operations | 4 | 3 | 2 | −0 | 7 | 4 | 4 | 8 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Free cash flow | 3 | 2 | 2 | −1 | 6 | 3 | 3 | 6 |
| Stock-based pay | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow after stock pay | 3 | 2 | 1 | −1 | 6 | 3 | 3 | 6 |
| Last 12 months unless stated | CZWI | VABK | CBNA | CFBK | QNBC | MNSB | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $64m | $64m | $65m | $63m | $66m | $67m | $255m |
| Revenue growth, last 12 months | 10.2% | 13.3% | 15.4% | 10.3% | 24.5% | −51.7% | 12.5% |
| Revenue growth, 3-year average | 0.1% | −1.4% | — | 5.2% | 10.8% | −8.7% | 6.0% |
| Revenue growth, latest quarter | −0.2% | 40.2% | 58.4% | 6.2% | 43.2% | −45.9% | 10.7% |
| Net margin | 19.9% | 39.0% | 40.9% | 30.4% | 20.3% | 25.7% | 28.7% |
| Cash from operations / revenue | 34.8% | 36.5% | 33.4% | 29.3% | 25.4% | 35.1% | 34.3% |
| Free-cash-flow margin | 30.1% | 35.6% | 25.6% | 28.5% | 23.0% | 34.4% | 31.4% |
| Free-cash-flow margin, 3-year average | 26.4% | 27.4% | — | 30.6% | 24.0% | 16.7% | 29.9% |
| Stock pay / revenue | 0.7% | 259.3% | — | 2.5% | 0.6% | 3.8% | 1.2% |
| Change in share count | −3.3% | 0.6% | 9.0% | 0.5% | 9.8% | −2.0% | 0.4% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 10.2% | 12.5% | 150 of 245 |
| Change in growth rate Growth | -5.3pp | +0.0pp | 205 of 244 |
| Net margin Profitability | 19.9% | 28.7% | 198 of 245 |
| Stock pay as % of revenue Cash generation | 0.7% | 1.3% | 26 of 206 |
| Change in share count Balance sheet | -3.3% | 0.4% | 32 of 230 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $14.8M | 633K | 11.2% | ▲ 24.6% |
| Manufacturers Life Insurance Company, The | $11.2M | 481K | 8.5% | ▼ 0.7% |
| Vanguard Capital Management LLC | $9.7M | 413K | 7.3% | ▼ 10.4% |
| Dimensional Fund Advisors LP | $8.8M | 376K | 6.6% | ▲ 8.5% |
| Boston Partners | $6.6M | 282K | 5.0% | ▲ 20.0% |
| Acadian Asset Management LLC | $6.6M | 281K | 5.0% | ▲ 10.4% |
| Gendell Jeffrey L | $5.8M | 248K | 4.4% | 0.0% |
| Geode Capital Management, LLC | $5.4M | 231K | 4.1% | ▲ 13.0% |
| Banc Funds Co LLC | $4.6M | 195K | 3.4% | ▼ 5.3% |
| Two Sigma Investments, LP | $3.7M | 159K | 2.8% | ▲ 113.7% |
| Bridgeway Capital Management, LLC | $3.7M | 158K | 2.8% | ▼ 1.4% |
| Arrowstreet Capital, Limited Partnership | $3.5M | 148K | 2.6% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Citizens Community Bancorp Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Bianchi Stephen M CEO and President | August 10, 2026 | Buy | 1,000 | $20.50 | $20,500 |
| Felber Francis E Director | August 10, 2026 | Buy | 500 | $20.25 | $10,125 |
| Felber Francis E Director | May 18, 2026 | Buy | 500 | $20.60 | $10,300 |
| Moll James D Director | May 18, 2026 | Sell | 500 | $20.59 | $10,295 |
| Moll James D Director | May 18, 2026 | Sell | 500 | $20.75 | $10,375 |
| Moll James D Director | May 18, 2026 | Sell | 1,000 | $20.50 | $20,500 |
| Moll James D Director | May 14, 2026 | Sell | 100 | $20.98 | $2,098 |
| Moll James D Director | May 14, 2026 | Sell | 1,900 | $20.96 | $39,824 |
| Moll James D Director | May 14, 2026 | Sell | 876 | $21.08 | $18,466 |
| Moll James D Director | May 14, 2026 | Sell | 124 | $21.11 | $2,618 |
| Skarvan Kathleen Director | May 8, 2026 | Buy | 300 | $21.20 | $6,360 |
| Skarvan Kathleen Director | May 8, 2026 | Buy | 450 | $21.13 | $9,508 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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