Analysts predict that Civista Bancshares, Inc. (NASDAQ: CIVB) will report earnings of $ 0.60 per share for the current quarter Zacks Investment Research. Two analysts have released estimates for Civista Bancshares earnings, with estimates ranging from $ 0.58 to $ 0.61. Civista Bancshares reported earnings per share of $ 0.64 for the year-ago quarter, indicating a negative growth rate of 6.3% year over year. The company is expected to announce its next quarterly results on Friday, February 4th.
On average, analysts expect Civista Bancshares to post full year earnings of $ 2.58 per share for the current year, with EPS estimates ranging between $ 2.51 and $ 2.70. For the next fiscal year, analysts predict the company will post earnings of $ 2.20 per share, with EPS estimates ranging between $ 2.15 and $ 2.25. Zacks’ EPS average is an average average based on a survey of market research firms covering Civista Bancshares.
Civista Bancshares (NASDAQ: CIVB) last released its earnings results on Tuesday, October 26th. 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 had revenue of $ 30.86 million for the quarter, compared to analyst estimates of $ 30.90 million. For the same period last year, the company had earnings per share of $ 0.48.
Separately, Zacks Investment Research downgraded Civista Bancshares shares from a “buy” rating to a “hold” rating in a research report dated Thursday, November 4th.
Institutional investors and hedge funds have recently changed their positions in the stock. Citigroup Inc. increased its stake in Civista Bancshares by 144.9% in the third quarter. Citigroup Inc. now owns 1,812 shares in 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 shares by 73.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares in the bank valued at $ 43,000 after purchasing an additional 783 shares during the reporting 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 in the bank valued at $ 52,000 after purchasing 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 in the bank valued at $ 56,000 after purchasing an additional 500 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Civista Bancshares by 102.5% in the third quarter. BNP Paribas Arbitrage SA now owns 3,957 shares in the bank valued at $ 92,000 after purchasing an additional 2,003 shares during the period. 53.89% of the shares are currently owned by institutional investors and hedge funds.
Shares in CIVB opened on Friday at $ 24.57. The company has a current metric of 0.90, a quick ratio of 0.90 and debt of 0.30. The company’s 50-day moving average is $ 24.63 and the 200-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 of 9.64, and a beta of 0.93.
The company also recently announced a quarterly dividend, which was paid on Monday, November 1st. Investors registered on Tuesday, October 19, received a dividend of $ 0.14 per share. This equates to an annualized dividend of $ 0.56 and a dividend yield of 2.28%. The ex-dividend date was Monday, October 18th. The payout ratio of Civista Bancshares is 21.96%.
About Civista Bancshares
Civista Bancshares, Inc is a financial holding company engaged in community banking. The company provides financial services through its offices in Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland counties of Ohio. The company’s primary deposit products are checking accounts, savings accounts, and term accounts, and its loan products are mortgage, commercial, and residential real estate installment loans.
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