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.
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%.
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.
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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