Added to YB: 2024-07-10
Pitch date: 2024-07-09
CZBS [bullish]
Citizens Bancshares Corporation
-6.72%
current return
Author Info
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
What's in my Deep Value Portfolio? - Citizens Bancshares Corporation
CZBS: Overcapitalized ECIP bank at 5-6x P/E, 2/3 adj TBV. Low deposit cost, excellent underwriting, okay efficiency. Active buybacks, potential tender offer, M&A focus. Acquiring ECIP bank could boost earnings, deploying low-yield cash to high-yield mortgages. Conservative lending, shareholder-friendly mgmt. Tailwinds & low risk. 15% allocation.
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