Professional
Added to YB: 2024-07-31
Pitch date: 2024-07-30
CZBS [bullish]
Citizens Bancshares Corporation
+3.57%
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
$46.29
Price Target
N/A
Dividend
2.15%
Sector
Banks
Category
value
Cedar Creek Partners Portfolio Holding - Citizens Bancshares Corporation
CZBS: Atlanta bank, $95.7M ECIP capital Jun'22. Q1'24 EPS $1.95 (+16% YoY). 10% share reduction YoY. $1 annual div. $8/share earnings run rate. Trades 6x P/E. Massively overcapitalized, shareholder-friendly bank. Stock price down to $45.45 Q2'22 from $49.60 Q1'22. Incredible bargain at current valuation.
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