Brokerages expect Civista Bancshares, Inc. (NASDAQ:CIVB) to report earnings per share of $0.60
Analysts expect Civista Bancshares, Inc. (NASDAQ:CIVB – Get Rating) to post earnings per share (EPS) of $0.60 for the current quarter, Zacks reports. Two analysts provided earnings estimates for Civista Bancshares, with the highest EPS estimate of $0.63 and the lowest estimate of $0.57. Civista Bancshares reported earnings of $0.68 per share in the same quarter last year, suggesting a negative 11.8% year-over-year growth rate. The company is expected to release its next quarterly results before the market opens on Monday, January 1.
On average, analysts expect Civista Bancshares to report annual earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.40. For the next fiscal year, analysts expect the company to post earnings of $2.72 per share, with EPS estimates ranging from $2.65 to $2.80. Zacks earnings per share calculations are an average average based on a survey of analysts who follow Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB – Get Rating) last released its quarterly earnings data on Friday, February 4. The bank reported earnings per share of $0.73 for the quarter, beating the Zacks consensus estimate of $0.60 by $0.13. Civista Bancshares had a net margin of 30.44% and a return on equity of 11.53%. The company posted revenue of $30.13 million in the quarter, compared to $30.40 million expected by analysts. In the same period a year earlier, the company earned earnings per share of $0.64.
A number of research analysts have published CIVB stock reports. DA Davidson reissued a “buy” rating on Civista Bancshares shares in a Wednesday, January 12 report. Zacks Investment Research moved Civista Banc shares from a “hold” rating to a “buy” rating and set a price target of $27.00 on the stock in a Tuesday, March 15 research note. Finally, StockNews.com launched coverage on Civista Bancshares shares in a Thursday, March 31 report. They issued a “buy” rating on the stock.
Shares of CIVB traded up $0.17 during trading hours on Wednesday, hitting $22.40. 733 shares of the company were traded, against an average volume of 42,507. Civista Bancshares has a 1-year low of $21.40 and a 1-year high of $25.94. The company has a market capitalization of $334.19 million, a PE ratio of 8.48 and a beta of 0.88. The company has a fifty-day moving average of $23.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.50.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 received a dividend of $0.14 per share. This represents an annualized dividend of $0.56 and a yield of 2.50%. The ex-dividend date was Monday, February 14. Civista Bancshares’ dividend payout ratio is 21.21%.
In related news, manager Allen R. Nickles sold 5,000 shares of Civista Bancshares in a trade that took place on Tuesday, March 1. The stock was sold at an average price of $24.09, for a total transaction of $120,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 3.05% of the shares are currently held by insiders of the company.
Several institutional investors and hedge funds have recently changed their holdings in CIVB. Susquehanna International Group LLP acquired a new equity position in Civista Bancshares during Q4 at a value of $1,433,000. LSV Asset Management increased its stake in Civista Bancshares shares by 77.0% in the fourth quarter. LSV Asset Management now owns 132,332 shares of the bank worth $3,229,000 after acquiring an additional 57,581 shares during the period. Assenagon Asset Management SA acquired a new stake in Cavista Bancshares during the 4th quarter for a value of approximately $768,000. Monarch Partners Asset Management LLC increased its stake in Cavista Bancshares shares by 32.9% in Q3. Monarch Partners Asset Management LLC now owns 115,549 shares of the bank valued at $2,684,000 after acquiring 28,597 additional shares last quarter. Finally, Millennium Management LLC increased its position in Civista Bancshares by 145.0% in the third quarter. Millennium Management LLC now owns 47,205 shares of the bank valued at $1,097,000 after purchasing an additional 27,937 shares last quarter. Institutional investors hold 52.72% of the company’s shares.
Civista Bancshares Company Profile (Get a rating)
Civista Bancshares, Inc operates as a financial holding company for Civista Bank which provides community banking services. The company collects a range of customer deposits; and offers commercial and agricultural, commercial and residential loans, agricultural real estate, construction, consumer and other loans, and letters of credit.
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