NasdaqGM:CZFC

Stock Analysis Report

Executive Summary

Citizens First Corporation operates as the bank holding company for Citizens First Bank, Inc.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.

Risks

  • Citizens First is not covered by any analysts.

Similar Companies

Share Price & News

How has Citizens First's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

NasdaqGM:CZFC

-1.8%

US Banks

0.2%

US Market


1 Year Return

-3.1%

NasdaqGM:CZFC

-15.3%

US Banks

-0.7%

US Market

CZFC matched the Banks industry (-3.8%) over the past year.

CZFC underperformed the Market in United States of America which returned 5.3% over the past year.


Share holder returns

CZFCIndustryMarket
7 Day2.9%-1.8%0.2%
30 Day6.7%-6.4%-2.7%
90 Day3.9%-4.0%1.6%
1 Year-2.0%-3.1%-12.9%-15.3%1.6%-0.7%
3 Year82.7%77.4%41.3%31.7%40.0%30.9%
5 Year152.8%142.7%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is Citizens First's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Citizens First undervalued based on future cash flows and its price relative to the stock market?

13.45x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Citizens First's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Citizens First's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Citizens First is overvalued based on earnings compared to the US Banks industry average.

Citizens First is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Citizens First, we can't assess if its growth is good value.


Price Based on Value of Assets

Citizens First is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Citizens First expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Citizens First is high growth as no revenue estimate data is available.

Citizens First's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Citizens First's revenue growth to the United States of America market average as no estimate data is available.

Citizens First's earnings growth is positive but not above the United States of America market average.

Citizens First's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Citizens First will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Citizens First performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Citizens First's year on year earnings growth rate has been positive over the past 5 years.

Citizens First's 1-year earnings growth exceeds its 5-year average (17% vs 16.3%)

Citizens First's earnings growth has not exceeded the US Banks industry average in the past year (17% vs 40.8%).


Return on Equity

Citizens First has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Citizens First used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Citizens First improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Citizens First's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Citizens First has an acceptable proportion of non-loan assets held.

Citizens First has a sufficient allowance for bad loans.

Citizens First's liabilities are made up of primarily low risk sources of funding.

Citizens First's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Citizens First are broadly funded by customer deposits.

Citizens First has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Citizens First's current dividend yield, its reliability and sustainability?

1.09%

Current Dividend Yield


Dividend Yield and Payments Analysis

Citizens First's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).

Citizens First's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (6.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Citizens First's salary, the management and board of directors tenure and is there insider trading?

9.9yrs

Average management tenure


CEO

Matthew Kanipe (51yo)

10.3yrs

Tenure

US$401,262

Compensation

Mr. Matthew Todd Kanipe serves as the Chief Executive Officer and President of Citizens First Bank, Inc. (Bowling Green, KY). Mr. Kanipe has also been the President and Chief Executive Officer of Citizens  ...


CEO Compensation Analysis

Matthew's remuneration is about average for companies of similar size in United States of America.

Matthew's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.9yrs

Average Tenure

53yo

Average Age

The average tenure for the Citizens First management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.2yrs

Average Tenure

59.5yo

Average Age

The average tenure for the Citizens First board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

SellUS$63,78729 Mar 19
Marc Lively
EntityIndividual
Role
Senior Key Executive
Chief Credit Officer & Executive VP
Shares2,576
Max PriceUS$24.92

Ownership Breakdown


Management Team

  • Matthew Kanipe (51yo)

    President

    • Tenure: 10.3yrs
    • Compensation: US$401.26k
  • Dawn Forbes (49yo)

    Vice President and Treasurer

    • Tenure: 0.0yrs
  • Marc Lively (55yo)

    Chief Credit Officer & Executive VP

    • Tenure: 8.5yrs
    • Compensation: US$295.99k
  • Kim Thomas (48yo)

    Executive Vice President of Retail Banking & Private Client Group

    • Tenure: 0.0yrs
    • Compensation: US$109.01k
  • Steve Marcum (63yo)

    Executive VP

    • Tenure: 5.5yrs
    • Compensation: US$300.33k
  • Kim Harmon (56yo)

    Senior VP & Accounting Officer

    • Tenure: 0.0yrs
  • Carla Wuertzer

    President of Hart County Community

    • Tenure: 0.0yrs
  • Scott Brown

    President of Simpson County Community

    • Tenure: 0.0yrs
  • Jim Lee

    President of Barren County Community

    • Tenure: 0.0yrs
  • Ed Galloway

    Senior Vice President of Commercial Lending

    • Tenure: 0.0yrs

Board Members

  • Matthew Kanipe (51yo)

    President

    • Tenure: 10.3yrs
    • Compensation: US$401.26k
  • Sarah Grise (62yo)

    Director

    • Tenure: 17.5yrs
    • Compensation: US$12.00k
  • Jack Sheidler (62yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: US$12.00k
  • Steve Marcum (63yo)

    Executive VP

    • Tenure: 5.5yrs
    • Compensation: US$300.33k
  • R. Vance (55yo)

    Director

    • Tenure: 11.5yrs
    • Compensation: US$12.00k
  • Amy Milliken (47yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: US$12.00k
  • John Taylor (79yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: US$12.20k
  • Bob Hilliard (62yo)

    Director

    • Tenure: 10.2yrs
    • Compensation: US$11.00k
  • Kent Furlong (36yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: US$12.00k
  • Mark Iverson (57yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$2.00k

Company Information

Citizens First Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Citizens First Corporation
  • Ticker: CZFC
  • Exchange: NasdaqGM
  • Founded: 1975
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$65.408m
  • Shares outstanding: 2.55m
  • Website: https://www.citizensfirstbank.com

Number of Employees


Location

  • Citizens First Corporation
  • 1065 Ashley Street
  • Bowling Green
  • Kentucky
  • 42103
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CZFCNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 1999

Biography

Citizens First Corporation operates as the bank holding company for Citizens First Bank, Inc. that provides various banking products and services primarily to small and medium-sized businesses, and retail  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/01 23:35
End of Day Share Price2019/06/28 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.