Professional
Added to YB: 2024-03-15
Pitch date: 2024-03-11
CZBS [bullish]
Citizens Bancshares Corporation
-12.55%
current return
Author Info
Bossert Capital makes long-term investments in a concentrated group of high-quality, competitively advantaged businesses. Follow the founder on Twitter.
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
$48.59
Price Target
70.00 (+65%)
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
value
Citizens Bancshares Corporation: Examining Low Valuation and Strong Balance Sheet
CZBS: Trades <6x earnings, 70% tangible book. Q4 net income +14% QoQ, $8-9 EPS run rate. FY23 $6.88 EPS ($8.28 adj for writedown). $70 adj book/share. Low 49bps deposit costs, NIB deposits +13.6%. $4M buyback (6-7% of shares). Overcapitalized, significant growth tailwinds.
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