Civista Bancshares Inc (CIVB) Expected to Announce Earnings of $0.42 Per Share

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Brokerages predict that Civista Bancshares Inc (NASDAQ:CIVB) will report earnings of $0.42 per share for the current quarter, Zacks reports. Two analysts have made estimates for Civista Bancshares’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.42. Civista Bancshares reported earnings per share of $0.37 during the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The company is expected to issue its next earnings report on Friday, January 25th.

On average, analysts expect that Civista Bancshares will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.75. For the next fiscal year, analysts forecast that the firm will report earnings of $1.94 per share, with EPS estimates ranging from $1.92 to $1.96. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, November 2nd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. Civista Bancshares had a net margin of 12.75% and a return on equity of 12.69%. The business had revenue of $19.11 million for the quarter, compared to analyst estimates of $22.16 million.

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $31.00 target price on shares of Civista Bancshares in a research report on Monday, July 30th. Zacks Investment Research lowered shares of Civista Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered shares of Civista Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised shares of Civista Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, Boenning Scattergood lowered shares of Civista Bancshares from an “outperform” rating to a “neutral” rating in a report on Monday, November 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Civista Bancshares currently has an average rating of “Hold” and a consensus target price of $26.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Civista Bancshares by 32.0% during the 3rd quarter. BlackRock Inc. now owns 713,090 shares of the bank’s stock worth $17,179,000 after purchasing an additional 172,691 shares in the last quarter. Macnealy Hoover Investment Management Inc. increased its stake in Civista Bancshares by 1,023.0% during the 3rd quarter. Macnealy Hoover Investment Management Inc. now owns 344,647 shares of the bank’s stock worth $8,302,000 after purchasing an additional 313,956 shares in the last quarter. Renaissance Technologies LLC increased its stake in Civista Bancshares by 21.5% during the 2nd quarter. Renaissance Technologies LLC now owns 337,036 shares of the bank’s stock worth $8,170,000 after purchasing an additional 59,736 shares in the last quarter. Seidman Lawrence B bought a new stake in Civista Bancshares during the 3rd quarter worth approximately $4,577,000. Finally, Dimensional Fund Advisors LP increased its stake in Civista Bancshares by 58.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 164,854 shares of the bank’s stock worth $3,996,000 after purchasing an additional 61,071 shares in the last quarter. 57.18% of the stock is owned by institutional investors and hedge funds.

CIVB stock traded down $0.30 on Monday, reaching $20.95. 33,228 shares of the company were exchanged, compared to its average volume of 46,988. Civista Bancshares has a 12 month low of $20.46 and a 12 month high of $25.88. The firm has a market capitalization of $230.50 million, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.96 and a beta of 0.53. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Tuesday, October 23rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, October 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. Civista Bancshares’s payout ratio is 27.07%.

Civista Bancshares Company Profile

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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