Professional
Added to YB: 2024-06-18
Pitch date: 2024-06-16
CZBS [bullish]
Citizens Bancshares Corporation
-6.72%
current return
Author Info
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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
$45.55
Price Target
N/A
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
value
Bossert Capital is long CZBS
CZBS: Overcapitalized, minority-owned 100+ yr old Atlanta bank at 6x P/E & 66% adj book. Profitable every year since 1921 (only 2 down years). Tailwinds: loans over securities, higher rates, share buybacks, gov't grants. $95.7M preferred from Treasury at 0-2% in perpetuity adds $40/share to book value.
Read full article (4 min)