Analysts expect Civista Bancshares, Inc. (NASDAQ: CIVB) to report earnings of $ 0.60 per share for the current quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Civista Bancshares, with estimates ranging from $ 0.58 to $ 0.61. Civista Bancshares reported earnings per share of $ 0.64 for the same quarter last year, suggesting a negative growth rate of 6.3% year-over-year. The company is expected to announce its next quarterly results on Friday, February 4.
On average, analysts predict that Civista Bancshares will 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 expect the company to report earnings of $ 2.20 per share, with EPS estimates ranging from $ 2.15 to $ 2.25. Zacks EPS Averages is an average based on a survey of research companies that cover Civista Bancshares.
Civista Bancshares (NASDAQ: CIVB) last released its results on Tuesday, October 26. The bank reported earnings per share of $ 0.64 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 posted revenue of $ 30.86 million for the quarter, compared to analysts’ estimates of $ 30.90 million. During the same period of the previous year, the company posted earnings per share of $ 0.48.
Meanwhile, Zacks Investment Research downgraded Civista Bancshares shares from a “buy” rating to a “conservation” rating in a research report released on Thursday, November 4.
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Institutional investors and hedge funds recently changed their positions in the stock. Citigroup Inc. increased its stake in the shares of Civista Bancshares by 144.9% during the third quarter. Citigroup Inc. now owns 1,812 shares of the bank 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 by 73.7% in the 3rd 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 stake in Civista Bancshares by 46,720.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 2,341 shares of the bank valued at $ 52,000 after acquiring 2,336 additional shares during the period. Hillsdale Investment Management Inc. increased its stake in the shares of Civista Bancshares by 26.3% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the bank valued at $ 56,000 after acquiring an additional 500 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Civista Bancshares by 102.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,957 bank shares valued at $ 92,000 after acquiring an additional 2,003 shares during the period. 53.89% of the shares are currently held by institutional investors and hedge funds.
CIVB shares opened at $ 24.57 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt 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 low of $ 16.46 and a twelve month high of $ 25.94. The company has a market cap of $ 369.19 million, a P / E ratio of 9.64 and a beta of 0.93.
The company also recently disclosed 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’ payout ratio is 21.96%.
About Civista Bancshares
Civista Bancshares, Inc. is a financial holding company, which engages in community banking activities. It provides financial services through its offices in Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The Company’s primary deposit products are chequing, savings and term accounts, and its lending products are residential, commercial and installment mortgages.
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