Civista Bancshares (CIVB) to Release Earnings on Thursday

Civista Bancshares (NASDAQ:CIVBGet Rating) is set to announce its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVBGet Rating) last announced its quarterly earnings data on Friday, February 4th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.13. Civista Bancshares had a return on equity of 11.53% and a net margin of 30.44%. The business had revenue of $30.13 million during the quarter, compared to the consensus estimate of $30.40 million. During the same period in the prior year, the company earned $0.64 EPS. On average, analysts expect Civista Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of CIVB stock opened at $23.45 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. Civista Bancshares has a twelve month low of $21.40 and a twelve month high of $25.94. The company has a market cap of $349.85 million, a P/E ratio of 8.88 and a beta of 0.88. The business has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $24.30.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Tuesday, February 15th were given a dividend of $0.14 per share. The ex-dividend date was Monday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.39%. Civista Bancshares’s dividend payout ratio is currently 21.21%.

In other Civista Bancshares news, Director Allen R. Nickles sold 5,000 shares of the stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $24.09, for a total value of $120,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.05% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of CIVB. Wells Fargo & Company MN raised its position in shares of Civista Bancshares by 145.7% during the fourth quarter. Wells Fargo & Company MN now owns 28,910 shares of the bank’s stock worth $706,000 after acquiring an additional 17,144 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Civista Bancshares by 46.5% during the fourth quarter. Citadel Advisors LLC now owns 23,136 shares of the bank’s stock worth $564,000 after acquiring an additional 7,345 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Civista Bancshares by 105.4% during the fourth quarter. JPMorgan Chase & Co. now owns 23,020 shares of the bank’s stock worth $562,000 after acquiring an additional 11,813 shares during the last quarter. Invesco Ltd. raised its position in shares of Civista Bancshares by 10.4% during the third quarter. Invesco Ltd. now owns 18,389 shares of the bank’s stock worth $427,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Civista Bancshares by 60.2% during the fourth quarter. Parametric Portfolio Associates LLC now owns 16,595 shares of the bank’s stock worth $405,000 after acquiring an additional 6,233 shares during the last quarter. Hedge funds and other institutional investors own 52.72% of the company’s stock.

CIVB has been the subject of several recent analyst reports. StockNews.com initiated coverage on Civista Bancshares in a research report on Thursday, March 31st. They set a “buy” rating for the company. DA Davidson restated a “buy” rating on shares of Civista Bancshares in a research report on Wednesday, January 12th. Finally, Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, March 15th.

Civista Bancshares Company Profile (Get Rating)

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. The company collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.

Further Reading

Earnings History for Civista Bancshares (NASDAQ:CIVB)

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