Civista Bancshares, Inc. (NASDAQ:CIVB) to Post Q2 2022 Earnings of $0.50 Per Share, DA Davidson Forecasts

Civista Bancshares, Inc. (NASDAQ:CIVBGet Rating) – Equities research analysts at DA Davidson issued their Q2 2022 earnings per share (EPS) estimates for shares of Civista Bancshares in a research note issued to investors on Friday, April 29th. DA Davidson analyst R. Gunther anticipates that the bank will post earnings of $0.50 per share for the quarter. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Civista Bancshares’ FY2022 earnings at $2.30 EPS and FY2023 earnings at $2.90 EPS.

A number of other research analysts have also recently commented on CIVB. Zacks Investment Research raised shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, March 15th. StockNews.com started coverage on Civista Bancshares in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

Shares of CIVB stock opened at $20.82 on Monday. The company has a market capitalization of $310.61 million, a PE ratio of 8.23 and a beta of 0.88. Civista Bancshares has a 1 year low of $20.69 and a 1 year high of $25.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $23.70.

Civista Bancshares (NASDAQ:CIVBGet Rating) last announced its earnings results on Thursday, April 28th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.06). Civista Bancshares had a net margin of 29.29% and a return on equity of 10.87%. During the same quarter in the prior year, the firm posted $0.68 earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of Civista Bancshares by 5.6% in the fourth quarter. Deutsche Bank AG now owns 9,016 shares of the bank’s stock valued at $220,000 after acquiring an additional 480 shares during the period. Royal Bank of Canada boosted its holdings in Civista Bancshares by 7.6% in the 3rd quarter. Royal Bank of Canada now owns 10,718 shares of the bank’s stock valued at $249,000 after purchasing an additional 754 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Civista Bancshares by 73.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank’s stock valued at $43,000 after purchasing an additional 783 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Civista Bancshares by 144.9% in the third quarter. Citigroup Inc. now owns 1,812 shares of the bank’s stock worth $42,000 after purchasing an additional 1,072 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Civista Bancshares by 8.9% in the second quarter. Invesco Ltd. now owns 16,663 shares of the bank’s stock worth $369,000 after purchasing an additional 1,359 shares during the period. Institutional investors own 52.72% of the company’s stock.

In related news, Director Allen R. Nickles sold 5,000 shares of Civista Bancshares 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.05% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Tuesday, February 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Monday, February 14th. Civista Bancshares’s dividend payout ratio (DPR) is 22.13%.

About Civista Bancshares (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.

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Earnings History and Estimates for Civista Bancshares (NASDAQ:CIVB)

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