Professional
Added to YB: 2024-10-25
Pitch date: 2024-10-23
CZBS [bullish]
Citizens Bancshares Corporation
-19.69%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
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
$52.91
Price Target
N/A
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
value
Cedar Creek Partners Portfolio Holding: Citizens Bancshares Corporation
CZBS: Atlanta bank received $95.7M ECIP capital. Q2 EPS $2.11 (+17% YoY), 6mo EPS $4.06 vs $3.49. 10% share reduction. $7.50/share run rate post-preferred expense. Trades at 7x P/E. Overcapitalized, shareholder-friendly. Bid price up from $45.45 to $51.25 in Q3.
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