Civista Bancshares, Inc. (NASDAQ: CIVB) is expected to post earnings of $ 0.60 per share



Analysts forecast Civista Bancshares, Inc. (NASDAQ: CIVB) to post earnings of $ 0.60 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates of Civista Bancshares’ earnings, with estimates ranging from $ 0.58 to $ 0.61. Civista Bancshares reported earnings per share of $ 0.64 in the same quarter last year, suggesting a negative year-on-year growth rate of 6.3%. The company is scheduled to announce its next quarterly earnings results on Friday, February 4.

On average, analysts expect Civista Bancshares to report annual earnings of $ 2.58 per share for the current year, with EPS estimates ranging from $ 2.51 to $ 2.70. For the next fiscal year, analysts forecast the company to report earnings of $ 2.20 per share, with EPS estimates ranging from $ 2.15 to $ 2.25. Zacks EPS Averages are an average based on a survey of research firms covering Civista Bancshares.

Civista Bancshares (NASDAQ: CIVB) last released its earnings results on Tuesday, October 26. The bank reported earnings of $ 0.64 per share for the quarter, beating the consensus estimate of $ 0.62 by $ 0.02. Civista Bancshares had a net margin of 29.43% and a return on equity of 11.35%. The company had revenue of $ 30.86 million for the quarter, compared to analyst estimates of $ 30.90 million. During the same period last year, the company posted earnings per share of $ 0.48.

Separately, Zacks Investment Research it downgraded Civista Bancshares shares from a “buy” rating to a “hold” rating in a research report on Thursday, November 4.

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Institutional investors and hedge funds have recently made changes to their positions in stocks. Citigroup Inc. increased its stake in Civista Bancshares shares by 144.9% during the third quarter. Citigroup Inc. now owns 1,812 shares of the bank’s stock valued at $ 42,000 after purchasing an additional 1,072 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Civista Bancshares shares by 73.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank valued at $ 43,000 after acquiring an additional 783 shares during the period. Metropolitan Life Insurance Co NY increased its participation in Civista Bancshares shares by 46,720.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 2,341 shares of the bank’s stock valued at $ 52,000 after acquiring an additional 2,336 shares during the period. Hillsdale Investment Management Inc. increased its stake in Civista Bancshares shares by 26.3% in the third quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the bank’s stock valued at $ 56,000 after acquiring an additional 500 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Civista Bancshares shares by 102.5% in the third quarter. BNP Paribas Arbitrage SA now owns 3,957 shares of the bank valued at $ 92,000 after acquiring 2,003 additional shares during the period. 53.89% of the shares currently belong to institutional investors and hedge funds.

Actions of CIVB It opened at $ 24.57 on Friday. The company has a current ratio of 0.90, a fast ratio of 0.90, and a debt-to-equity ratio of 0.30. The company’s 50-day moving average is $ 24.63 and its two-hundred-day moving average is $ 23.58. Civista Bancshares has a twelve-month minimum of $ 16.46 and a twelve-month maximum of $ 25.94. The company has a market capitalization of $ 369.19 million, a P / E ratio of 9.64, and a beta of 0.93.

The company also recently revealed a quarterly dividend, which was paid on Monday, November 1. Investors of record on Tuesday, October 19, received a dividend of $ 0.14 per share. This represents an annualized dividend of $ 0.56 and a dividend yield of 2.28%. The ex-dividend date was Monday, October 18. Civista Bancshares pay rate is 21.96%.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company in the community banking business. It provides financial services through its offices in Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland counties in Ohio. The company’s main deposit products are checking, savings and term certificate accounts, and its credit products are residential, commercial and installment loans.

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Civista Bancshares (NASDAQ: CIVB) earnings history and estimates

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