OTCPK:CZBS

Stock Analysis Report

Executive Summary

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

CZBS

2.9%

US Banks

0.07%

US Market


1 Year Return

-3.4%

CZBS

8.6%

US Banks

8.9%

US Market

Return vs Industry: CZBS underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: CZBS underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

CZBSIndustryMarket
7 Day0%2.9%0.07%
30 Day-0.2%3.4%-0.3%
90 Day-1.1%2.1%-1.6%
1 Year1.3%-3.4%11.8%8.6%11.3%8.9%
3 Year63.7%51.8%54.8%44.1%46.3%36.8%
5 Year41.4%28.7%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is Citizens 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 Bancshares undervalued compared to its fair value and its price relative to the market?

5.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CZBS ($11.2) is trading above our estimate of fair value ($4.38)

Significantly Below Fair Value: CZBS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CZBS is good value based on its PE Ratio (6x) compared to the Banks industry average (12.6x).

PE vs Market: CZBS is good value based on its PE Ratio (6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CZBS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CZBS is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CZBS's forecast earnings growth (10.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CZBS's earnings (10.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CZBS's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CZBS's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CZBS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CZBS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Citizens Bancshares performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CZBS's earnings have grown significantly by 20.8% per year over the past 5 years.

Accelerating Growth: CZBS's earnings growth over the past year (167%) exceeds its 5-year average (20.8% per year).

Earnings vs Industry: CZBS earnings growth over the past year (167%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: CZBS's Return on Equity (9.2%) is considered low.


Return on Assets

ROA vs Industry: CZBS's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CZBS's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Citizens 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: CZBS has a low level of unsold assets or inventory.

Debt Coverage by Assets: CZBS's debt is covered by short term assets (assets are 2.091280x debt).


Financial Institutions Analysis

Asset Level: CZBS's level of assets compared to its equity is low.

Allowance for Bad Loans: CZBS has a sufficient allowance for bad loans.

Low Risk Liabilities: CZBS's liabilities are made up of primarily low risk sources of funding.

Loan Level: CZBS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CZBS's loans are broadly funded by customer deposits.

Level of Bad Loans: CZBS has an appropriate level of bad loans (0.58%)


Next Steps

Dividend

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

2.68%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CZBS's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CZBS's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: CZBS's dividends per share have been stable in the past 10 years.

Growing Dividend: CZBS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.3%), CZBS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

16.8yrs

Average board tenure


CEO

Cynthia Day (53yo)

7.8yrs

Tenure

US$518,183

Compensation

Ms. Cynthia N. Day, CPA, has been the Chief Executive Officer and President at Citizens Bancshares Corporation and Citizens Trust Bank since February 27, 2012. Ms. Day served as the Chief Operating Officer ...


CEO Compensation Analysis

Compensation vs. Market: Cynthia's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD509.30K).

Compensation vs Earnings: Cynthia's compensation has been consistent with company performance over the past year.


Board Age and Tenure

16.8yrs

Average Tenure

66yo

Average Age

Experienced Board: CZBS's board of directors are seasoned and experienced ( 16.8 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

  • Samuel Cox (61yo)

    Executive VP & CFO

    • Tenure: 21.8yrs
    • Compensation: US$229.12k
  • Karen Jackson (52yo)

    Senior Vice President

    • Tenure: 0yrs
  • Cynthia Day (53yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$518.18k

Board Members

  • Ray Robinson (71yo)

    Chairman of the Board

    • Tenure: 16.4yrs
    • Compensation: US$36.50k
  • Herman Russell (56yo)

    Independent Director

    • Tenure: 26.8yrs
    • Compensation: US$29.01k
  • C. Moody (62yo)

    Independent Director

    • Tenure: 21.8yrs
    • Compensation: US$30.99k
  • Cynthia Day (53yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$518.18k
  • Robert Brown (67yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$30.56k
  • Steven Elmore (66yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$35.07k
  • James Williams (70yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$28.52k

Company Information

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


Key Information

  • Name: Citizens Bancshares Corporation
  • Ticker: CZBS
  • Exchange: OTCPK
  • Founded: 1921
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$23.677m
  • Shares outstanding: 2.11m
  • Website: https://www.ctbconnect.com

Number of Employees


Location

  • Citizens Bancshares Corporation
  • 230 Peachtree Street, NW
  • Suite 2700
  • Atlanta
  • Georgia
  • 30303
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CZBSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1999

Biography

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:34
End of Day Share Price2019/10/15 00:00
Earnings2018/12/31
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.