Civista Bancshares (NASDAQ:CIVB) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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

Civista Bancshares Stock Down 1.1 %

Shares of CIVB stock traded down $0.20 during trading hours on Wednesday, reaching $17.95. 81,162 shares of the company’s stock were exchanged, compared to its average volume of 35,258. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $19.00. The stock has a market cap of $282.35 million, a PE ratio of 7.79 and a beta of 0.82. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31. The stock’s fifty day moving average price is $15.29 and its two-hundred day moving average price is $15.31.

Civista Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

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

Civista Bancshares Company Profile

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.