Civista Bancshares (NASDAQ:CIVB) Issues Quarterly Earnings Results

Civista Bancshares (NASDAQ:CIVB) issued its earnings results on Monday. The bank reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05, Yahoo Finance reports. Civista Bancshares had a return on equity of 9.34% and a net margin of 14.48%. The firm had revenue of $61.14 million for the quarter, compared to the consensus estimate of $36.57 million. During the same quarter last year, the business posted $0.64 EPS.

Civista Bancshares Trading Down 1.1 %

NASDAQ CIVB traded down $0.20 during trading hours on Wednesday, reaching $17.95. The company’s stock had a trading volume of 81,162 shares, compared to its average volume of 35,258. The firm has a fifty day simple moving average of $15.29 and a 200-day simple moving average of $15.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.97. Civista Bancshares has a 52 week low of $13.60 and a 52 week high of $19.00. The stock has a market cap of $282.35 million, a P/E ratio of 7.79 and a beta of 0.82.

Civista Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, August 6th. Civista Bancshares’s dividend payout ratio (DPR) is currently 27.47%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $19.00 price objective (up from $18.00) on shares of Civista Bancshares in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Civista Bancshares currently has a consensus rating of “Hold” and an average target price of $18.00.

About Civista Bancshares

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