Professional
Added to YB: 2025-02-06
Pitch date: 2025-02-05
CZBS [bullish]
Citizens Bancshares Corporation
-20.4%
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
$53.38
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 Corporation
CZBS: Community bank w/ $90M mkt cap, $95M+ cash, $85M book value. 20%+ ROE, 50% efficiency ratio. CEO Day allocated $122M ECIP funds well: 10%+ buyback, $2M dividend. Conservative mgmt owns 30%. ECIP loan redeemable at 28% in 8 yrs. $15M+ FCF (16-17% yield). Potential M&A. Undervalued at 0.5x adjusted BV.
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