Professional
Added to YB: 2024-08-22
Pitch date: 2024-08-21
CZBS [bullish]
Citizens Bancshares Corporation
+48.53%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers.
Market Cap
$83.2M
Pitch Price
$39.31
Price Target
N/A
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
value
River Oaks Capital Portfolio Holding: Citizens Bancshares, Inc.
CZBS: $80M market cap, $90M+ cash, 20% FCF yield. CEO Day executing well: 10% buyback, $3M+ dividends, efficiency ratio <50%. Seeking ECIP bank acquisition to grow assets >$1B, potentially reaching 25% FCF yield. Currently ~50% of ECIP-adjusted book value. Strong management, minority-owned bank growth story.
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