Civista Bancshares, Inc. (NASDAQ:CIVB) Expected to Earn FY2022 Earnings of $2.12 Per Share

Civista Bancshares, Inc. (NASDAQ:CIVB) – Analysts at DA Davidson dropped their FY2022 earnings per share (EPS) estimates for shares of Civista Bancshares in a research note issued to investors on Wednesday, January 12th. DA Davidson analyst R. Gunther now expects that the bank will earn $2.12 per share for the year, down from their previous forecast of $2.20. DA Davidson has a “Buy” rating on the stock.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Tuesday, October 26th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The firm had revenue of $30.86 million during the quarter, compared to the consensus estimate of $30.90 million. Civista Bancshares had a return on equity of 11.35% and a net margin of 29.43%. During the same period in the prior year, the business earned $0.48 EPS.

Separately, Zacks Investment Research downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, January 3rd.

Shares of CIVB stock opened at $25.03 on Friday. The company has a market cap of $376.10 million, a price-to-earnings ratio of 9.82 and a beta of 0.93. The stock has a 50 day simple moving average of $24.61 and a 200-day simple moving average of $23.73. Civista Bancshares has a 12-month low of $16.46 and a 12-month high of $25.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

Hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Civista Bancshares by 6.9% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 106,560 shares of the bank’s stock worth $2,355,000 after purchasing an additional 6,900 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Civista Bancshares by 17.2% during the second quarter. Goldman Sachs Group Inc. now owns 64,382 shares of the bank’s stock worth $1,423,000 after purchasing an additional 9,458 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Civista Bancshares by 9.2% during the second quarter. Commonwealth Equity Services LLC now owns 25,042 shares of the bank’s stock worth $553,000 after purchasing an additional 2,115 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Civista Bancshares by 10.0% during the second quarter. WINTON GROUP Ltd now owns 15,667 shares of the bank’s stock worth $346,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Civista Bancshares during the second quarter worth $215,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company, which engages in the community banking business. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The firm’s primary deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial and installment loans.

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

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