Analysts expect that Civista Bancshares, Inc. (NASDAQ:CIVB) will report $0.30 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Civista Bancshares’ earnings. Civista Bancshares posted earnings per share of $0.33 during the same quarter last year, which indicates a negative year over year growth rate of 9.1%. The company is scheduled to issue its next earnings results on Friday, January 26th.

According to Zacks, analysts expect that Civista Bancshares will report full-year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.27. For the next financial year, analysts anticipate that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.35 to $1.38. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). Civista Bancshares had a net margin of 21.56% and a return on equity of 10.66%. The company had revenue of $17.15 million during the quarter, compared to analyst estimates of $17.60 million.

Several brokerages have recently commented on CIVB. Sandler O’Neill reissued a “buy” rating and set a $25.00 price target (up previously from $23.50) on shares of Civista Bancshares in a research note on Friday, October 6th. Boenning Scattergood set a $24.00 price target on Civista Bancshares and gave the stock a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Civista Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $24.00 target price on shares of Civista Bancshares in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Civista Bancshares has an average rating of “Hold” and an average price target of $24.38.

Shares of Civista Bancshares (NASDAQ CIVB) traded down $0.57 on Monday, reaching $22.23. The company’s stock had a trading volume of 6,549 shares, compared to its average volume of 31,830. Civista Bancshares has a 12 month low of $14.56 and a 12 month high of $23.75. The stock has a market cap of $231.90, a price-to-earnings ratio of 17.41, a PEG ratio of 2.25 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.95.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 17th were issued a $0.07 dividend. The ex-dividend date was Monday, October 16th. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.26%. Civista Bancshares’s payout ratio is 21.37%.

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Several hedge funds have recently added to or reduced their stakes in the company. Context BH Capital Management LP increased its holdings in shares of Civista Bancshares by 9.7% during the 3rd quarter. Context BH Capital Management LP now owns 57,380 shares of the bank’s stock worth $1,282,000 after buying an additional 5,062 shares during the last quarter. Boston Partners acquired a new stake in shares of Civista Bancshares during the 3rd quarter worth $1,492,000. Keybank National Association OH acquired a new stake in shares of Civista Bancshares during the 3rd quarter worth $213,000. First Trust Advisors LP increased its holdings in Civista Bancshares by 25.8% in the 3rd quarter. First Trust Advisors LP now owns 20,035 shares of the bank’s stock valued at $448,000 after purchasing an additional 4,114 shares in the last quarter. Finally, California State Teachers Retirement System acquired a new stake in Civista Bancshares in the 2nd quarter valued at $367,000. Institutional investors and hedge funds own 41.61% of the company’s stock.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

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Earnings History and Estimates for Civista Bancshares (NASDAQ:CIVB)

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