OTCPK:CCVS

Stock Analysis Report

Citizens Commerce Bancshares

Executive Summary

Citizens Commerce Bancshares, Inc. operates as a bank holding company.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

CCVS

1.4%

US Banks

1.0%

US Market


1 Year Return

n/a

CCVS

0.2%

US Banks

6.7%

US Market

Return vs Industry: Insufficient data to determine how CCVS performed against the US Banks industry.

Return vs Market: Insufficient data to determine how CCVS performed against the US Market.


Shareholder returns

CCVSIndustryMarket
7 Day0%1.4%1.0%
30 Day6.0%-2.6%-1.8%
90 Dayn/a0.8%-1.8%
1 Yearn/a3.1%0.2%9.1%6.7%
3 Yearn/a52.0%41.5%46.1%36.6%
5 Yearn/a69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Citizens Commerce Bancshares undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Citizens Commerce Bancshares is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Citizens Commerce Bancshares has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of CCVS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Citizens Commerce Bancshares regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Citizens Commerce Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Citizens Commerce Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of CCVS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Citizens Commerce Bancshares's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Citizens Commerce Bancshares performed over the past 5 years?

15.5%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Citizens Commerce Bancshares has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Citizens Commerce Bancshares'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

Inventory Level: Insufficient data to determine if CCVS has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CCVS's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if CCVS has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CCVS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: Insufficient data to determine if CCVS's level of assets compared to its equity is low

Allowance for Bad Loans: Insufficient data to determine if CCVS has a sufficient allowance for bad loans.

Low Risk Liabilities: CCVS reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CCVS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CCVS has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CCVS has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CCVS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CCVS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CCVS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCVS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCVS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

9.8yrs

Average board tenure


CEO

Citizens Commerce Bancshares has no CEO, or we have no data on them.


Board Age and Tenure

9.8yrs

Average Tenure

Experienced Board: CCVS's board of directors are considered experienced (9.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Eli Barber

    Assistant Secretary

    • Tenure: 0yrs
  • Jeff Ball

    EVP, Senior Lender & Director

    • Tenure: 9.8yrs
  • William Wilson (85yo)

    Executive VP & Chief Credit Officer

    • Tenure: 0yrs
  • Frank Stark

    President & Chairman of the Board

    • Tenure: 0yrs
  • Michelle Oxley

    Secretary

    • Tenure: 2.8yrs

Board Members

  • Denis King

    Director

    • Tenure: 2.8yrs
  • Jeff Ball

    EVP, Senior Lender & Director

    • Tenure: 9.8yrs
  • Ken Reed

    Director

    • Tenure: 0yrs
  • Tim Cambron

    Director

    • Tenure: 0yrs
  • Connie Goodin

    Director

    • Tenure: 0yrs
  • Bill Shanks

    Director

    • Tenure: 21.8yrs
  • Barry Settles

    Director

    • Tenure: 21.8yrs
  • Frank Stark

    President & Chairman of the Board

    • Tenure: 0yrs
  • Michelle Oxley

    Secretary

    • Tenure: 2.8yrs

Company Information

Citizens Commerce Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Citizens Commerce Bancshares, Inc.
  • Ticker: CCVS
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$24.529m
  • Shares outstanding: 3.99m
  • Website: https://www.citizenscommerce.com

Location

  • Citizens Commerce Bancshares, Inc.
  • 534 Marsailles Road
  • Versailles
  • Kentucky
  • 40383
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCVSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 2004

Biography

Citizens Commerce Bancshares, Inc. operates as a bank holding company. The company was incorporated in 1998 and is based in Versailles, Kentucky. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:51
End of Day Share Price2019/10/03 00:00
Earnings2017/12/31
Annual Earnings2017/12/31


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.