Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-05
CZBS [bullish]
Citizens Bancshares Corporation
-9.64%
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
$47.02
Price Target
N/A
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
growth
Cedar Creek Partners Portfolio Holding: Citizens Bancshares Corporation
CZBS: Atlanta-based bank w/ $95.7M ECIP capital. Q1 net income +8% YoY to $3.9M. Shares -10% to 1.8M, driving ~20% Q1 EPS growth. Holding co. earnings $150-175K less than bank's due to investments, expenses & preferred divs. 2023 EPS $6.23 ($8 ex loan reserve).
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