Wall Street brokerages expect Civista Bancshares, Inc. (NASDAQ:CIVB – get rating) will post earnings per share of $0.60 for the current fiscal quarter, Zacks reports. Two analysts have provided earnings estimates for Civista Bancshares. The highest EPS estimate is $0.63 and the lowest is $0.57. Civista Bancshares reported earnings per share of $0.68 in the same quarter last year, suggesting a negative 11.8% year-over-year growth rate. The company is expected to release its next quarterly earnings results on Friday, April 22.
On average, analysts expect Civista Bancshares to report full-year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.12 to $2.35. For the coming year, analysts forecast the company to report earnings of $2.66 per share, with EPS estimates ranging from $2.65 to $2.67. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for Civista Bancshares.
Civista Bancshares (NASDAQ: CIVB – get rating) last issued its quarterly earnings data on Thursday, February 3. The bank reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.12. Civista Bancshares had a net margin of 30.44% and a return on capital of 11.57%. During the same period last year, the company made $0.64 of earnings per share.
Several stock research analysts have commented on the stock. DA Davidson reaffirmed a “buy” rating on Civista Bancshares shares in a research report on Wednesday, January 12. Zacks Investment Research cut shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, Jan. 3.
CIVB shares opened at $24.03 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90, and a debt-to-equity ratio of 0.30. Civista Bancshares has a twelve month minimum of $19.23 and a twelve month maximum of $25.94. The company has a market cap of $361.07 million, a P/E ratio of 9.10, and a beta of 0.91. The company’s 50-day moving average price is $24.33.
The company also recently revealed a quarterly dividend, to be paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 will receive a dividend of $0.14. The ex-dividend date is Monday, February 14. This represents an annualized dividend of $0.56 and a yield of 2.33%. Civista Bancshares Dividend Payout Ratio (DPR) is 21.21%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. increased its stake in Civista Bancshares by 144.9% during the third quarter. Citigroup Inc. now owns 1,812 shares of the bank valued at $42,000 after buying an additional 1,072 shares last quarter. O Shaughnessy Asset Management LLC increased its holdings in Civista Bancshares by 73.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank worth $43,000 after buying an additional 783 shares last quarter. Metropolitan Life Insurance Co NY increased its stake in Civista Bancshares by 46,720.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 2,341 shares of the bank worth $52,000 after buying an additional 2,336 shares last quarter. Hillsdale Investment Management Inc. increased its holdings in Civista Bancshares by 26.3% during the third quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the bank worth $56,000 after buying an additional 500 shares last quarter. Finally, Cassady Schiller Wealth Management LLC purchased a new position in Civista Bancshares during the fourth quarter valued at $70,000. 52.72% of the shares are owned by hedge funds and other institutional investors.
About Civista Bancshares (get rating)
Civista Bancshares, Inc is a financial holding company engaged in the community banking business. Provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The company’s main deposit products are checking accounts, savings accounts and term certificates, and its credit products are residential, commercial and term mortgage loans.
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