$0.46 EPS Expected for Civista Bancshares (CIVB) This Quarter

Wall Street analysts forecast that Civista Bancshares (NASDAQ:CIVB) will announce $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Civista Bancshares’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.48. Civista Bancshares posted earnings per share of $0.40 during the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The company is expected to issue its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that Civista Bancshares will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.63. For the next fiscal year, analysts expect that the firm will post earnings of $1.86 per share, with EPS estimates ranging from $1.84 to $1.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Civista Bancshares.

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Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Friday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The company had revenue of $18.19 million for the quarter, compared to analyst estimates of $17.71 million. Civista Bancshares had a net margin of 21.18% and a return on equity of 10.08%.

CIVB has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $27.00 price objective on shares of Civista Bancshares in a research note on Friday, January 26th. Boenning Scattergood reissued a “buy” rating and set a $24.00 price target on shares of Civista Bancshares in a research report on Monday, January 29th. Hovde Group set a $24.00 price target on shares of Civista Bancshares and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $26.00 price target on shares of Civista Bancshares and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $25.08.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Civista Bancshares by 1.0% during the fourth quarter. BlackRock Inc. now owns 464,408 shares of the bank’s stock worth $10,217,000 after buying an additional 4,612 shares in the last quarter. Castine Capital Management LLC grew its position in shares of Civista Bancshares by 45.8% during the third quarter. Castine Capital Management LLC now owns 334,843 shares of the bank’s stock worth $7,480,000 after buying an additional 105,228 shares in the last quarter. Kennedy Capital Management Inc. grew its position in shares of Civista Bancshares by 9.0% during the fourth quarter. Kennedy Capital Management Inc. now owns 267,525 shares of the bank’s stock worth $5,886,000 after buying an additional 22,068 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Civista Bancshares by 3.8% during the fourth quarter. Renaissance Technologies LLC now owns 245,700 shares of the bank’s stock worth $5,405,000 after buying an additional 8,900 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its position in shares of Civista Bancshares by 19.5% during the fourth quarter. Penn Capital Management Co. Inc. now owns 113,448 shares of the bank’s stock worth $2,496,000 after buying an additional 18,501 shares in the last quarter. 45.22% of the stock is owned by institutional investors and hedge funds.

CIVB opened at $22.92 on Thursday. The company has a market cap of $233.99, a PE ratio of 16.98, a PEG ratio of 1.79 and a beta of 0.39. Civista Bancshares has a 52-week low of $18.82 and a 52-week high of $24.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97.

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About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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

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