Brokerages predict that Civista Bancshares Inc (NASDAQ:CIVB) will report $0.27 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Civista Bancshares’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.24. Civista Bancshares reported earnings per share of $0.33 during the same quarter last year, which would indicate a negative year over year growth rate of 18.2%. The firm is scheduled to issue its next quarterly earnings report on Friday, January 26th.

On average, analysts expect that Civista Bancshares will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.20 to $1.26. For the next fiscal year, analysts anticipate that the company will post earnings of $1.46 per share, with EPS estimates ranging from $1.35 to $1.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.01). Civista Bancshares had a return on equity of 10.32% and a net margin of 21.56%. The firm had revenue of $17.15 million during the quarter, compared to the consensus estimate of $17.60 million.

A number of analysts have recently commented on CIVB shares. Sandler O’Neill reissued a “buy” rating and issued a $25.00 price objective (up previously from $23.50) on shares of Civista Bancshares in a research note on Friday, October 6th. Zacks Investment Research raised Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a research note on Wednesday, October 4th. ValuEngine downgraded Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Hovde Group set a $24.00 price objective on Civista Bancshares and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.67.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Civista Bancshares in the 2nd quarter worth $124,000. Keybank National Association OH acquired a new position in shares of Civista Bancshares in the 3rd quarter worth $213,000. JPMorgan Chase & Co. grew its holdings in shares of Civista Bancshares by 272.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock worth $209,000 after acquiring an additional 7,315 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Civista Bancshares in the 2nd quarter worth $216,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Civista Bancshares during the second quarter valued at $221,000. Institutional investors and hedge funds own 43.77% of the company’s stock.

Civista Bancshares (NASDAQ:CIVB) traded down $0.04 on Wednesday, hitting $22.04. The stock had a trading volume of 9,500 shares, compared to its average volume of 20,533. Civista Bancshares has a 12 month low of $18.59 and a 12 month high of $23.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market cap of $224.17, a P/E ratio of 17.49, a PEG ratio of 1.90 and a beta of 0.55.

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About Civista Bancshares

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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