Brokerages Anticipate Civista Bancshares (CIVB) to Post $0.44 EPS

Analysts expect that Civista Bancshares (NASDAQ:CIVB) will post earnings of $0.44 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Civista Bancshares’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.46. Civista Bancshares reported earnings of $0.29 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 51.7%. The business is scheduled to issue its next earnings report on Friday, July 27th.

On average, analysts expect that Civista Bancshares will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $1.79. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.84 to $2.01. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, April 27th. The bank reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.09. Civista Bancshares had a net margin of 23.47% and a return on equity of 11.40%. The company had revenue of $20.39 million during the quarter, compared to analyst estimates of $19.51 million.

CIVB has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Civista Bancshares in a research note on Friday, January 26th. Boenning Scattergood reissued a “buy” rating and set a $24.00 price target on shares of Civista Bancshares in a research report on Monday, January 29th. Sandler O’Neill set a $26.00 price target on shares of Civista Bancshares and gave the company a “buy” rating in a research report on Wednesday, March 14th. ValuEngine lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, DA Davidson increased their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 30th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.50.

NASDAQ:CIVB traded up $23.26 during mid-day trading on Wednesday, reaching $23.26. The company’s stock had a trading volume of 138,800 shares, compared to its average volume of 36,356. Civista Bancshares has a 1 year low of $18.82 and a 1 year high of $24.69. The firm has a market cap of $238.64 million, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.68 and a beta of 0.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 24th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, April 23rd. Civista Bancshares’s payout ratio is 21.05%.

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at about $132,000. Hamilton Capital Management Inc. purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at about $392,000. Cardinal Capital Management LLC CT lifted its position in shares of Civista Bancshares by 30.9% during the fourth quarter. Cardinal Capital Management LLC CT now owns 23,360 shares of the bank’s stock valued at $514,000 after buying an additional 5,520 shares during the last quarter. Monarch Partners Asset Management LLC raised its position in shares of Civista Bancshares by 55.8% in the 1st quarter. Monarch Partners Asset Management LLC now owns 35,490 shares of the bank’s stock valued at $811,000 after purchasing an additional 12,710 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Civista Bancshares by 459.9% in the 3rd quarter. Wells Fargo & Company MN now owns 40,162 shares of the bank’s stock valued at $896,000 after purchasing an additional 32,989 shares during the last quarter. 45.33% of the stock is owned by institutional investors and hedge funds.

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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