Equities analysts predict that Civista Bancshares Inc (NASDAQ:CIVB) will announce earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Civista Bancshares’ earnings. Civista Bancshares reported earnings of $0.29 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20.7%. The firm is scheduled to issue its next quarterly earnings report on Friday, October 26th.
On average, analysts expect that Civista Bancshares will report full year earnings of $1.72 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.92 to $2.01. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, July 27th. The bank reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. Civista Bancshares had a return on equity of 12.18% and a net margin of 22.09%. The business had revenue of $19.16 million for the quarter, compared to the consensus estimate of $19.47 million.
A number of analysts have issued reports on the company. BidaskClub downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Civista Bancshares in a research note on Monday, July 30th. Boenning Scattergood reaffirmed a “buy” rating on shares of Civista Bancshares in a research note on Monday, July 30th. Zacks Investment Research downgraded Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, Hovde Group reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Civista Bancshares in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.50.
NASDAQ:CIVB traded up $0.14 during trading hours on Friday, reaching $23.73. The stock had a trading volume of 22,900 shares, compared to its average volume of 32,159. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.03. Civista Bancshares has a 52 week low of $19.73 and a 52 week high of $25.88. The company has a market cap of $260.82 million, a price-to-earnings ratio of 17.84, a PEG ratio of 1.76 and a beta of 0.42.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in shares of Civista Bancshares by 14.6% during the 2nd quarter. California Public Employees Retirement System now owns 20,177 shares of the bank’s stock valued at $489,000 after purchasing an additional 2,567 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Civista Bancshares by 15.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,596 shares of the bank’s stock valued at $476,000 after purchasing an additional 2,596 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Civista Bancshares by 2.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 120,553 shares of the bank’s stock valued at $2,922,000 after purchasing an additional 2,613 shares during the last quarter. First Trust Advisors LP increased its position in shares of Civista Bancshares by 20.6% during the 2nd quarter. First Trust Advisors LP now owns 24,734 shares of the bank’s stock valued at $600,000 after purchasing an additional 4,220 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of Civista Bancshares during the 2nd quarter valued at approximately $127,000. 53.83% of the stock is currently 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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