Professional
Added to YB: 2023-01-15
Pitch date: 2023-01-15
CZBS [bullish]
Citizens Bancshares Corporation
+50.65%
current return
Author Info
Founder of Smoak Capital who shares analysis on stocks on Twitter and in his fund letter. Follow 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
$28.20
Price Target
N/A
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
special_situation
Smoak Capital holding: Citizens Bancshares
CZBS: Small bank received 2-3x equity in non-dilutive ECIP capital (2% pref stock, no payments 2yrs). Likely worth 180-320% more post-infusion. Stock undervalued despite appreciation. Upside from deploying capital, growing deposits/lending, or potential sale. Strong downside protection due to undervaluation & cash infusion.
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