Professional
Added to YB: 2024-04-09
Pitch date: 2024-03-10
CZBS [bullish]
Citizens Bancshares Corporation
-15.29%
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
$50.16
Price Target
72.00 (+73%)
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
value
Citizens Bancshares Corporation: A Well-Managed Bank Trading For Less Than Six Times Earnings, With Significant Earnings Growth Upside
CZBS: Minority-owned Atlanta bank trading <6x earnings, 64% adj TBV. Overcapitalized w/ perpetual prefs (ECIP) valued at 10-25¢/$. Conservative mgmt. EPS to grow on higher rates, fees (JPM Empowerment Fund), large buybacks. $72 PT based on 9x $8 EPS. Risks: deposit flight, CRE losses.
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