Professional
Added to YB: 2024-01-24
Pitch date: 2024-01-24
CZBS [bullish]
Citizens Bancshares Corporation
+6.82%
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
$39.78
Price Target
82.02 (+93%)
Dividend
2.15%
EV/EBITDA
N/A
P/E
10.32
EV/Sales
N/A
Sector
Banks
Category
value
Cedar Creek Partners holding - Citizens Bancshares (CZBS)
CZBS:$38 bank got $96M ECIP in '21 Q4 price $37.70 Q3 $3M writedown $0.82 EPS but $7 run rate Returned $5.5M via divs+buyback in '23 $16M for '24 returns $0.75-$1 div expected Appears very undervalued target 2x price 1% upside big potential via buybacks+divs
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