Wall Street brokerages expect Civista Bancshares Inc (NASDAQ:CIVB) to report sales of $26.31 million for the current quarter, Zacks reports. Two analysts have provided estimates for Civista Bancshares’ earnings, with estimates ranging from $26.12 million to $26.50 million. Civista Bancshares posted sales of $19.11 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 37.7%. The firm is scheduled to issue its next quarterly earnings results on Friday, November 1st.

On average, analysts expect that Civista Bancshares will report full-year sales of $107.83 million for the current year, with estimates ranging from $107.56 million to $108.10 million. For the next financial year, analysts expect that the company will post sales of $112.34 million, with estimates ranging from $111.38 million to $113.30 million. Zacks’ sales averages are an average based on a survey of research firms that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Friday, July 26th. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Civista Bancshares had a net margin of 20.31% and a return on equity of 10.73%. The firm had revenue of $26.85 million for the quarter, compared to the consensus estimate of $26.62 million.

A number of research firms recently issued reports on CIVB. Zacks Investment Research downgraded shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Keefe, Bruyette & Woods downgraded Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $26.00 target price on the stock. in a report on Sunday, July 7th. BidaskClub raised Civista Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, DA Davidson raised Civista Bancshares from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.33.

CIVB stock traded down $0.67 on Friday, hitting $20.84. The company’s stock had a trading volume of 8,323 shares, compared to its average volume of 35,359. The firm’s 50 day simple moving average is $21.65. Civista Bancshares has a 1 year low of $15.55 and a 1 year high of $25.44. The stock has a market capitalization of $333.42 million, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Tuesday, July 23rd were paid a $0.11 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 2.11%. Civista Bancshares’s dividend payout ratio is currently 23.78%.

In related news, Director Gerald B. Wurm bought 10,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average cost of $21.77 per share, for a total transaction of $217,700.00. Following the purchase, the director now directly owns 2,878 shares of the company’s stock, valued at $62,654.06. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.45% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CIVB. Macquarie Group Ltd. lifted its position in shares of Civista Bancshares by 474.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,413 shares of the bank’s stock worth $25,000 after buying an additional 1,167 shares during the last quarter. Bank of Montreal Can lifted its holdings in Civista Bancshares by 96.7% during the 2nd quarter. Bank of Montreal Can now owns 2,760 shares of the bank’s stock worth $62,000 after buying an additional 1,357 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Civista Bancshares by 893.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,952 shares of the bank’s stock worth $64,000 after buying an additional 2,655 shares during the period. JPMorgan Chase & Co. lifted its holdings in Civista Bancshares by 23.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,213 shares of the bank’s stock worth $92,000 after buying an additional 803 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Civista Bancshares by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,896 shares of the bank’s stock worth $85,000 after buying an additional 3,824 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

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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