With a pps of 8.90, as of this post, CZBS might seem a bit pricy but it's actually way under valued. This bank carries a hefty BV of $17.10. Assuming the economy doesn't collapse over the next 12 months look for the pps of this bank to rise above the fifteen buck level.

Company Background

Citizens Bancshares Corporation is a bank holding company for Citizens Trust Bank (the Bank). The Bank conducts a general commercial banking business that serves Fulton, DeKalb and Muscogee Counties, Georgia, as well as Jefferson and Greene Counties, Alabama, acts as an issuing agent for Unite States savings bonds, travelers checks and cashiers checks, and offers collection teller services. The Bank's primary service area consists of Fulton and DeKalb Counties, along with certain portions of Rockdale County; through its branch in Columbus, the Bank also serves Muscogee County, Georgia, and through its branches in Birmingham and Eutaw, it serves Jefferson and Greene Counties, Alabama. The primary focus of the Bank is the small business and commercial/service firms in the area plus individuals and households who reside in or commute to the area.

http://www.ctbconnect.com