Stock fact sheet · data as of
Citizens Bancshares Corporation (CZBS): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is CZBS undervalued?
Citizens Bancshares Corporation (CZBS) closed at 66.90 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 135.37, which puts the price 51% below it. 8 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 9 models disagree widely: DDM gives 17.66 while Graham Growth gives 279.94. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files CZBS under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for CZBS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 139.51 | +109% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 89.23 | +33% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 279.94 | +318% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 116.76 | +75% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 95.46 | +43% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 195.42 | +192% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 215.40 | +222% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.66 | -74% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 69.00 | +3% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -493.29 | -837% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - CZBS passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.1 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 8.7%, ROE 10.9%, ROA 1.0% - with debt at 0.25 times equity and a free-cash-flow yield of 12.5%.
The dividend yield is 1.79% at a payout ratio of 8%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 8.7% |
|---|---|---|---|
| GLS Moat | 6.1 / 10 | ROE | 10.9% |
| Debt / equity | 0.25 | ROA | 1.0% |
| Free-cash-flow yield | 12.5% | Payout ratio | 8% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
CZBS has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 0k shares a day on a market cap of $117M, with a beta of 0.37 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 51% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 9 / 15 | moat 6.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 0k shares/day, $117M cap, beta 0.37 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for CZBS in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Citizens Bancshares Corporation by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BSBK Bogota Financial Corp. | 9.13 | 6.67 | -37% | 36No options | $117M |
| BORT Bank of Botetourt | 59.24 | 107.04 | +45% | 39No options | $117M |
| WSBK Winchester Bancorp, Inc. Common Stock | 12.91 | 10.68 | -21% | 31No options | $116M |
| NMBF Nmb Financial Corp | 22.05 | 34.86 | +37% | 38No options | $118M |
| NWPP New Peoples Bankshares, Inc. | 4.91 | 8.22 | +40% | 39No options | $116M |
| CNBP Cornerstone Bancorp Inc. | 120.00 | 136.75 | +12% | 39No options | $118M |
| OXBC Oxford Bank Corporation | 46.10 | 95.47 | +52% | 39No options | $114M |
| MPCB Mountain Pacific Bancorp Inc | 17.13 | 54.80 | +69% | 39No options | $120M |
| RVSB Riverview Bancorp, Inc. | 6.01 | 6.83 | +12% | 45Weak | $120M |
| CMHF Community Heritage Financial, Inc. | 40.74 | 37.65 | -8% | 31No options | $120M |
| UNB Union Bankshares, Inc. | 22.89 | 44.70 | +49% | 39No options | $113M |
| PROV Provident Financial Holdings, Inc. | 18.15 | 15.88 | -14% | 39No options | $113M |
⚖ Compare CZBS with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CZBS
Is CZBS undervalued right now?
By the GLS models, yes: at 66.90 the stock is 51% below the average fair value of 135.37 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CZBS and what does it mean?
CZBS has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for CZBS?
135.37 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Citizens Bancshares Corporation report earnings next?
No upcoming earnings date is recorded for CZBS in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CZBS have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CZBS, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.