Citizens National Corporation (CZNL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Citizens National Corporation stock $65.94, price $85.00, that is 22.4% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.
How to read this chart
60‑month range $35.33 – $89.83 · fair‑value band $63.56 – $70.81 · the $85.00 price screens above the $65.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.
Follow Citizens National in your weekly email
Every Wednesday you see whether Citizens National is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Citizens National Corporation operates as the bank holding company for Citizens Bank of Kentucky that provides various banking products and services in Eastern Kentucky, the United States.
Show moreShow less
It offers deposit products, including checking and savings accounts, term certificate, individual retirement accounts, and certificates of deposits; lending products comprising residential mortgage, commercial, installment, consumer, home equity, and business loans; healthcare, online, and mobile banking services; merchant services; remote deposit capture services; and debit and credit cards, as well as cash, treasury, and wealth management services.
The company was founded in 1909 and is based in Paintsville, Kentucky.
Stock analysis
Citizens National Corporation (CZNL) currently trades at $85.00, while our model-based Fair Value estimate is $65.94, 22% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $84.74 per share, and 1 of the 6 models we run sit above the $85.00 price.
Bear case: the Dividend Discount group reads lowest at $11.97, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $63.56 (bear) to $70.81 (bull), the price of $85.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Citizens National Corporation reported revenue of $33.5M in FY2025 versus $26.0M in FY2021, a compound +6.6%/yr. Reported net income was $5.7M in FY2025, compounding +1.6%/yr from FY2021.
Key figures
Market cap $83.0M Micro · P/E ratio 14.6 · P/S ratio 3.37 · EPS (TTM) $5.84 · Dividend yield 1.2% · Net margin 23.2% · Return on equity 7.7% · Return on assets (EBIT) 0.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 75% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −22%, CZNL screens cheaper than that median.
Fair Value models
Bear$63.56Fair Value $65.94Bull$70.81
Price $85.00 · Downside -22.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($4.20 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.3%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.5%
’12
’13
’14
’15
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.7%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.7% vs 3.7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 20%
Compare Citizens National Corporation with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−22.4% · Below median
Profitability
Return on equity (12 months)7.7% · Below median
Return on assets0.8% · Below median
Net margin (12 months)23.2% · Below median
Operating margin (12 months)29.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Bottom 25%
Dividend yield (12 months)1.2% · Bottom 25%
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)14.6× · Priciest 25%
P/B1.03× · Cheaper than median
P/S (12 months)3.37× · Pricier than median
Price / free cash flow (fiscal year)15.0× · Pricier than median
EV/EBITDA13.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)3· sector 9
FUTURE (revenue growth)0· sector 47
PAST (return on equity)31· sector 43
HEALTH (low debt)–
DIVIDEND (yield)24· sector 52
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Citizens National Corporation Fair Value". https://www.fairvalue-calculator.com/stock/CZNL
Frequently asked questions
Is Citizens National Corporation (CZNL) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of $65.94 versus the last price from Nov 6, 2026 of $85.00, about 22% lower (overvalued).
What is the fair value of CZNL?
Our model-based fair value for Citizens National Corporation is $65.94 (as of Nov 13, 2026), built from audited fundamentals. Last price (from Nov 6, 2026): $85.00.
What is the quality score of CZNL?
Citizens National Corporation has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Citizens National Corporation (CZNL)?
Our model-based price target is the fair value of $65.94 (as of Nov 13, 2026) from 6 valuation models. Cautious scenario $63.56, optimistic scenario $70.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Citizens National Corporation stock forecast for 2026?
Our models put fair value at $65.94, about 22% lower versus the last price from Nov 6, 2026 of $85.00 (overvalued). Cautious scenario $63.56, optimistic scenario $70.81. The calculation is refreshed regularly with new filings.
What is the revenue of Citizens National Corporation (CZNL)?
Citizens National Corporation reported trailing-twelve-month revenue of about $24.6M (latest available figure, as of Nov 13, 2026).
Does Citizens National Corporation pay a dividend?
Citizens National Corporation currently shows a dividend yield of 1.18% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of Citizens National Corporation (CZNL) and when is the ex-dividend date?
Citizens National Corporation pays a dividend of $1.00 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Jun 16, 2026. A dividend has been paid every year since at least 2013. The payout ratio is 17.1% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Citizens National Corporation (CZNL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Citizens National Corporation it is $65.94 per share (as of Nov 13, 2026), against a price of $85.00. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Citizens National Corporation stock overvalued or undervalued in 2026?
As of Nov 13, 2026, CZNL trades above its calculated fair value: price $85.00, fair value $65.94, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CZNL?
No. The price is what the market pays today ($85.00); the fair value is what the company's own numbers justify ($65.94). For Citizens National Corporation the two are $19.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Citizens National Corporation worth?
The market values Citizens National Corporation at about $83.0M (market capitalisation, as of Nov 13, 2026). Per share that is $85.00; our models calculate a fair value of $65.94 per share.
What do the bullish and bearish scenarios say about CZNL?
Our models span a range for Citizens National Corporation: cautious scenario $63.56, base $65.94, optimistic $70.81 per share (as of Nov 13, 2026, price $85.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CZNL?
Citizens National Corporation trades at a price-to-earnings ratio of 14.6 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $65.94 is built from several models across several years. Other multiples: P/B 1.0, P/S 3.4, EV/EBITDA 13.5.
How solid is the balance sheet of Citizens National Corporation (CZNL)?
Balance-sheet figures for Citizens National Corporation (as of Nov 13, 2026): return on equity 7.7%, debt of 0.41 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is CZNL from its 52-week high?
Citizens National Corporation trades at $85.00, about 5% below its 52-week high of $89.83 and 75% above the low of $48.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $65.94 is for.
Which stocks are comparable to Citizens National Corporation?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Citizens National Corporation stock attractive at the current price?
The data as of Nov 13, 2026: price $85.00, calculated fair value $65.94 (−22%), Quality Score 56/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CZNL calculated?
We run Citizens National Corporation through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $65.94 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. Citizens National Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Citizens National Corporation (CZNL)?
The latest price we hold is from Nov 6, 2026 and stands at $85.00. Our model-based fair value is $65.94, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Citizens National Corporation right now?
The price sits above even our optimistic bull case ($70.81). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band ($63.56 to $70.81), unusually little disagreement for a valuation. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Citizens National Corporation (CZNL) come from?
Earnings per share at Citizens National Corporation grew +2.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.8 %, EBIT margin −1.9 %, tax rate −0.7 %, residual (interest, one-offs) +0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Citizens National Corporation
How large is the market capitalisation of Citizens National Corporation (CZNL)?
The market capitalisation of Citizens National Corporation is $83.0M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Citizens National Corporation (CZNL)?
The price-to-sales ratio of Citizens National Corporation is 3.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Citizens National Corporation (CZNL)?
Earnings per share at Citizens National Corporation are $5.84 (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Citizens National Corporation (CZNL)?
The dividend yield of Citizens National Corporation is 1.2% (payout 17.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Citizens National Corporation (CZNL)?
The net margin of Citizens National Corporation is 23.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Citizens National Corporation (CZNL)?
The return on equity (ROE) of Citizens National Corporation is 7.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Citizens National Corporation (CZNL)?
On an EBIT basis the return on assets of Citizens National Corporation is 0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Citizens National Corporation (CZNL)?
The operating margin of Citizens National Corporation is 29.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Citizens National Corporation (CZNL) generate?
The free cash flow of Citizens National Corporation is $5.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Citizens National Corporation (CZNL) carry?
The net debt of Citizens National Corporation is $973K (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Citizens National Corporation in the live analysis
One click puts Citizens National Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 13, 2026