Equities research analysts forecast that Civista Bancshares Inc (NASDAQ:CIVB) will post $22.16 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Civista Bancshares’ earnings. The lowest sales estimate is $19.71 million and the highest is $24.60 million. Civista Bancshares reported sales of $17.15 million during the same quarter last year, which indicates a positive year over year growth rate of 29.2%. The business is expected to report its next earnings report on Friday, October 26th.

According to Zacks, analysts expect that Civista Bancshares will report full year sales of $86.32 million for the current financial year, with estimates ranging from $83.44 million to $89.20 million. For the next year, analysts anticipate that the firm will report sales of $103.19 million per share, with estimates ranging from $101.58 million to $104.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Friday, July 27th. The bank reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Civista Bancshares had a return on equity of 12.18% and a net margin of 22.09%. The business had revenue of $19.16 million for the quarter, compared to the consensus estimate of $19.47 million.

Several equities analysts recently commented on CIVB shares. Boenning Scattergood reiterated a “buy” rating on shares of Civista Bancshares in a research note on Friday, April 27th. DA Davidson upped their price objective on Civista Bancshares from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. ValuEngine downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, May 2nd. Finally, BidaskClub downgraded Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.67.

Civista Bancshares stock traded up $0.02 during trading on Monday, hitting $24.59. The stock had a trading volume of 21,100 shares, compared to its average volume of 33,788. Civista Bancshares has a 1 year low of $19.06 and a 1 year high of $25.88. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. The company has a market cap of $265.13 million, a price-to-earnings ratio of 18.49, a PEG ratio of 1.87 and a beta of 0.45.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 24th were given a dividend of $0.09 per share. The ex-dividend date was Monday, July 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.46%. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.07. Civista Bancshares’s dividend payout ratio is currently 27.07%.

Several large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its position in shares of Civista Bancshares by 15.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,596 shares of the bank’s stock worth $476,000 after acquiring an additional 2,596 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Civista Bancshares by 2.2% during the second quarter. Russell Investments Group Ltd. now owns 120,553 shares of the bank’s stock worth $2,922,000 after acquiring an additional 2,613 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Civista Bancshares by 20.6% during the second quarter. First Trust Advisors LP now owns 24,734 shares of the bank’s stock worth $600,000 after acquiring an additional 4,220 shares in the last quarter. BlackRock Inc. lifted its position in shares of Civista Bancshares by 1.0% during the fourth quarter. BlackRock Inc. now owns 464,408 shares of the bank’s stock worth $10,217,000 after acquiring an additional 4,612 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Civista Bancshares by 16.2% during the fourth quarter. Wells Fargo & Company MN now owns 46,671 shares of the bank’s stock worth $1,027,000 after acquiring an additional 6,509 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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

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