Wall Street analysts forecast that Civista Bancshares, Inc. (NASDAQ:CIVB) will announce $0.30 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Civista Bancshares’ earnings. Civista Bancshares reported earnings per share of $0.33 during the same quarter last year, which indicates a negative year-over-year growth rate of 9.1%. The business is scheduled to issue its next earnings report on Friday, January 26th.
According to Zacks, analysts expect that Civista Bancshares will report full year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.27. For the next fiscal year, analysts anticipate that the business will post earnings of $1.37 per share, with EPS estimates ranging from $1.35 to $1.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Civista Bancshares had a return on equity of 10.66% and a net margin of 21.56%. The business had revenue of $17.15 million during the quarter, compared to the consensus estimate of $17.60 million.
A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $24.00 price target on shares of Civista Bancshares in a research note on Wednesday, October 4th. Zacks Investment Research cut Civista Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday. Sandler O’Neill reiterated a “buy” rating and issued a $25.00 price target (up from $23.50) on shares of Civista Bancshares in a research note on Friday, October 6th. Finally, Boenning Scattergood set a $24.00 price target on Civista Bancshares and gave the company a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Civista Bancshares has an average rating of “Hold” and a consensus price target of $24.38.
A number of institutional investors have recently added to or reduced their stakes in the business. OxFORD Asset Management LLP raised its stake in Civista Bancshares by 16.5% in the second quarter. OxFORD Asset Management LLP now owns 27,684 shares of the bank’s stock valued at $578,000 after buying an additional 3,915 shares during the last quarter. First Trust Advisors LP raised its stake in Civista Bancshares by 25.8% in the third quarter. First Trust Advisors LP now owns 20,035 shares of the bank’s stock valued at $448,000 after buying an additional 4,114 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Civista Bancshares in the first quarter valued at about $110,000. Nationwide Fund Advisors raised its stake in Civista Bancshares by 15.7% in the second quarter. Nationwide Fund Advisors now owns 39,665 shares of the bank’s stock valued at $828,000 after buying an additional 5,394 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Civista Bancshares in the second quarter valued at about $124,000. Institutional investors own 41.61% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 17th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, October 16th. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.24%. Civista Bancshares’s dividend payout ratio (DPR) is 21.37%.
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Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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