Wall Street brokerages expect Civista Bancshares, Inc. (NASDAQ: CIVB – Get a rating) will show earnings per share of $0.60 for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Civista Bancshares. The highest EPS estimate is $0.63 and the lowest is $0.57. Civista Bancshares reported earnings per share of $0.68 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 on Friday, April 22.
On average, analysts expect Civista Bancshares to report annual earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.12 to $2.35. For next year, analysts expect the company to post earnings of $2.66 per share, with EPS estimates ranging from $2.65 to $2.67. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for Civista Banc shares.
Civista Bancshares (NASDAQ:CIVB – Get a rating) last released its quarterly earnings data on Thursday, February 3. The bank reported EPS of $0.73 for the quarter, beating Thomson Reuters consensus estimate of $0.61 by $0.12. Civista Bancshares had a net margin of 30.44% and a return on equity of 11.57%. In the same period last year, the company earned $0.64 per share.
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A number of equity research analysts commented on the stock. DA Davidson reaffirmed a “buy” rating on Civista Bancshares shares in a Wednesday, January 12 research report. Zacks Investment Research cut Civista Bancshares shares from a “hold” rating to a “sell” rating in a Monday, January 3, research note.
Shares of CIVB opened at $24.03 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a leverage ratio of 0.30. Civista Bancshares has a 12-month low of $19.23 and a 12-month high of $25.94. The company has a market capitalization of $361.07 million, a P/E ratio of 9.10 and a beta of 0.91. The company’s 50-day moving average price is $24.33.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 will receive a dividend of $0.14. The ex-dividend date is Monday, February 14. This represents an annualized dividend of $0.56 and a yield of 2.33%. The dividend payout ratio (DPR) of Civista Bancshares is 21.21%.
Institutional investors and hedge funds have recently changed their positions in the company. Citigroup Inc. increased its stake in Cavista Bancshares by 144.9% during the third quarter. Citigroup Inc. now owns 1,812 shares of the bank valued at $42,000 after buying an additional 1,072 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Cavista Bancshares by 73.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank worth $43,000 after buying 783 additional shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in Cavista Bancshares by 46,720.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 2,341 shares of the bank worth $52,000 after buying 2,336 additional shares last quarter. Hillsdale Investment Management Inc. increased its holdings in Cavista Bancshares by 26.3% during the third quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the bank worth $56,000 after buying 500 more shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC bought a new position in Cavista Bancshares during the fourth quarter at a value of $70,000. 52.72% of the shares are held by hedge funds and other institutional investors.
About Civista Bancshares (Get a rating)
Civista Bancshares, Inc is a financial holding company engaged in 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 Company’s primary deposit products are checking, savings and term certificate accounts, and its lending products are residential, commercial and installment mortgages.
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