Brokerages Expect Civista Bancshares, Inc. (NASDAQ:CIVB) Will Announce Earnings of $0.66 Per Share

Equities analysts expect Civista Bancshares, Inc. (NASDAQ:CIVB) to announce earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Civista Bancshares’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.70. Civista Bancshares reported earnings per share of $0.47 in the same quarter last year, which would indicate a positive year-over-year growth rate of 40.4%. The company is expected to announce its next earnings report before the market opens on Friday, April 23rd.

According to Zacks, analysts expect that Civista Bancshares will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $1.97 to $2.33. For the next fiscal year, analysts expect that the company will post earnings of $1.91 per share, with EPS estimates ranging from $1.82 to $2.05. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Thursday, February 4th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.20. Civista Bancshares had a return on equity of 8.93% and a net margin of 23.92%. The firm had revenue of $31.20 million for the quarter, compared to analysts’ expectations of $28.60 million.

Several research firms have recently weighed in on CIVB. DA Davidson upgraded Civista Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $24.00 in a report on Monday, January 4th. Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, February 10th. Five analysts have rated the stock with a buy rating, Civista Bancshares has a consensus rating of “Buy” and a consensus price target of $20.25.

Civista Bancshares stock traded up $0.07 during midday trading on Thursday, reaching $23.05. The company’s stock had a trading volume of 332 shares, compared to its average volume of 49,860. Civista Bancshares has a 52 week low of $11.25 and a 52 week high of $23.93. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $21.62 and a 200-day moving average price of $17.70. The stock has a market cap of $365.27 million, a PE ratio of 12.56 and a beta of 0.98.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 1st. Investors of record on Tuesday, January 19th were paid a $0.12 dividend. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Friday, January 15th. Civista Bancshares’s payout ratio is currently 23.88%.

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its stake in shares of Civista Bancshares by 302.4% in the fourth quarter. Citigroup Inc. now owns 3,054 shares of the bank’s stock worth $54,000 after acquiring an additional 2,295 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Civista Bancshares by 100.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,800 shares of the bank’s stock worth $84,000 after acquiring an additional 2,400 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Civista Bancshares in the fourth quarter worth approximately $241,000. Eidelman Virant Capital acquired a new position in shares of Civista Bancshares in the fourth quarter worth approximately $342,000. Finally, Strs Ohio lifted its stake in shares of Civista Bancshares by 19.9% in the third quarter. Strs Ohio now owns 36,100 shares of the bank’s stock worth $451,000 after acquiring an additional 6,000 shares during the period. 53.33% of the stock is currently owned by institutional investors.

About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. The company collects a range of customer deposits; and offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans, as well as letters of credit.

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Earnings History and Estimates for Civista Bancshares (NASDAQ:CIVB)

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