CSB Bancorp (CSBB) AI Stock Analysis

• Market Cap: $149.87M
• Dividend Yield: 3%
• Average Volume (3M): 576.00
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.12
• Revenue Growth: 8.07%
• EPS Growth: 22.37%
• Country: US
• Employees: 173
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.71
• Shares Outstanding: 2,629,226
• 10 Day Avg. Volume: 283
• 30 Day Avg. Volume: 576
• PEG Ratio: -0.32
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 1.76
• P/FCF Ratio: 7.52
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 2.66
• Enterprise Value/Gross Profit: 3.80
• Enterprise Value/Ebitda: 9.55
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: $64.00 ▲(18.26% Upside)

CSB Bancorp's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's robust profitability, prudent leverage, and solid cash flow generation position it well within the regional banking sector. While technical analysis presents mixed signals, the recent dividend increase is a positive corporate event that enhances investor sentiment.

Positive Factors

High Net Profit Margin

A 27.1% TTM net margin indicates durable earnings power for a regional bank, supporting internal capital formation, dividend maintenance, and loss absorption. Sustained high margins improve resilience across credit cycles and enable reinvestment in core banking capabilities over months to years.

Prudent Leverage

A 0.16 debt/equity ratio reflects conservative leverage, providing balance sheet flexibility. This structural strength reduces refinancing and interest-rate risks, allowing the bank to expand lending selectively and withstand localized economic stress without compromising capital or liquidity over the medium term.

Strong Cash Generation

Robust FCF growth and conversion (FCF>net income) indicate efficient translation of earnings into usable cash. This underpins sustained dividend policy, funds organic growth and loan originations, and lowers reliance on external funding—structural advantages for multi-quarter capital allocation and stability.

Negative Factors

Low Gross Profit Margin

A 17.8% gross margin signals limited pricing or cost flexibility versus peers. Over time this narrows the buffer against interest-margin compression or rising funding costs, constraining capacity to invest in technology or branch expansion and pressuring long-term profitability sustainability.

Modest Revenue Growth

Revenue rising only modestly (2.2% TTM) suggests limited top-line momentum. For a regional bank, slow revenue expansion can impede scale economies, restrict fee diversification, and make earnings more dependent on margin management rather than growth, limiting durable improvement in returns.

Local Market Concentration

A community-focused model concentrates credit and deposit exposure geographically and by client type. While strengthening customer relationships, this structural concentration raises sensitivity to local economic downturns and limits diversification, which can amplify earnings volatility over multiple quarters.

CSB Bancorp Business Overview & Revenue Model

Company Description

CSB Bancorp, Inc. operates as the bank holding company for The Commercial and Savings Bank of Millersburg that provides a various banking, trust, financial, and brokerage services to corporate, institutional, and individual customers in Northeast Ohio. Its deposit products include checking and savings accounts, time deposits, and IRAs; and loan portfolio comprises personal, commercial, real estate mortgage, installment, consumer, and residential and commercial real estate loans. The company also provides safe deposit and night depository facilities. As of January 26, 2022, it had sixteen banking centers located in Holmes, Wayne, Tuscarawas, and Stark counties; and Trust offices located in Millersburg, North Canton, and Wooster, Ohio. The company was founded in 1879 and is based in Millersburg, Ohio.

How the Company Makes Money

CSB Bancorp generates revenue through multiple streams, primarily from interest income earned on loans and investments. The bank offers various loan products, including personal loans, mortgages, and commercial loans, which yield interest payments from borrowers. Additionally, the company earns non-interest income from fees associated with account maintenance, ATM transactions, and other banking services. Strategic partnerships with local businesses and community organizations enhance its customer base and drive deposit growth, which in turn supports its lending operations. The bank may also engage in investment activities that contribute to its overall earnings.

CSB Bancorp Financial Statement Overview

Summary

CSB Bancorp exhibits a robust financial profile with strong profitability, prudent leverage, and solid cash flow generation. The company has shown resilience with improving revenue growth and effective cost management. While the gross profit margin and operational cash efficiency present areas for improvement, the overall financial health remains strong, positioning the company well within the regional banking sector.

Income Statement

CSB Bancorp's income statement shows strong profitability with a TTM net profit margin of 27.1% and consistent EBIT and EBITDA margins. The revenue growth rate has improved to 2.2% TTM, indicating a positive trend after a decline in 2024. The company demonstrates robust earnings capacity, although the gross profit margin is relatively low at 17.8% TTM, suggesting room for improvement in cost management.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.16 TTM, indicating prudent leverage management. The return on equity is healthy at 11.5% TTM, showcasing effective utilization of shareholder funds. However, the equity ratio is not explicitly provided, which could offer additional insights into asset financing.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth rate of 11.4% TTM, highlighting improved cash generation. The free cash flow to net income ratio exceeds 1, indicating efficient conversion of earnings into cash. The operating cash flow to net income ratio is slightly lower, suggesting potential areas for enhancing operational cash efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	61.59M	57.95M	52.08M	40.80M	36.14M	37.38M
Gross Profit	43.04M	36.17M	41.76M	39.20M	34.79M	32.82M
EBITDA	17.14M	13.28M	19.30M	17.50M	14.29M	13.95M
Net Income	13.81M	10.01M	14.76M	13.31M	10.84M	10.57M
Balance Sheet
Total Assets	1.25B	1.19B	1.18B	1.16B	1.14B	1.03B
Cash, Cash Equivalents and Short-Term Investments	20.07M	105.88M	204.16M	236.49M	375.37M	372.09M
Total Debt	21.25M	26.95M	37.60M	35.01M	39.94M	41.88M
Total Liabilities	1.12B	1.08B	1.07B	1.06B	1.05B	937.77M
Stockholders Equity	125.19M	114.83M	107.94M	95.92M	97.31M	93.86M
Cash Flow
Free Cash Flow	19.66M	13.56M	15.20M	14.01M	12.92M	12.03M
Operating Cash Flow	20.03M	15.66M	15.63M	14.39M	15.02M	14.17M
Investing Cash Flow	-56.29M	-8.08M	-39.13M	-183.46M	-57.98M	-136.11M
Financing Cash Flow	21.42M	1.85M	1.16M	11.83M	104.97M	201.58M

CSB Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 54.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CSBB, the sentiment is Positive. The current price of 54.12 is below the 20-day moving average (MA) of 56.76, below the 50-day MA of 54.43, and above the 200-day MA of 47.49, indicating a bullish trend. The MACD of 0.88 indicates Positive momentum. The RSI at 55.27 is Neutral, neither overbought nor oversold. The STOCH value of 36.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSBB.

CSB Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CSBB	75 Outperform	$149.87M	11.25	11.50%	3.00%	8.07%	22.37%
EBMT	75 Outperform	$179.24M	11.89	7.43%	2.93%	6.10%	59.32%
FNWD	73 Outperform	$162.87M	20.02	5.05%	0.97%	-7.20%	-29.17%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RBKB	63 Neutral	$172.42M	16.93	3.95%	―	22.30%	―
FGBI	61 Neutral	$142.63M	-2.25	-24.07%	0.84%	1.33%	-593.24%

CSB Bancorp Corporate Events

CSB Bancorp Increases Quarterly Dividend to $0.42

On November 19, 2025, CSB Bancorp, Inc. announced a fourth quarter cash dividend of $0.42 per share, marking a $0.01 increase from the previous quarter. This decision reflects the company’s ongoing commitment to returning value to its shareholders and may positively influence investor sentiment.

The most recent analyst rating on (CSBB) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on CSB Bancorp stock, see the CSBB Stock Forecast page.