Civista Bancshares, Inc. (NASDAQ:CIVB – Get Rating) – Analysts at Boenning Scattergood decreased their Q2 2022 earnings per share estimates for shares of Civista Bancshares in a report issued on Tuesday, May 3rd. Boenning Scattergood analyst D. Cardenas now expects that the bank will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.55. Boenning Scattergood also issued estimates for Civista Bancshares’ Q3 2022 earnings at $0.61 EPS and Q4 2022 earnings at $0.65 EPS.
CIVB has been the topic of several other reports. DA Davidson reissued a “buy” rating on shares of Civista Bancshares in a research report on Wednesday, January 12th. Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, March 15th. Finally, StockNews.com started coverage on Civista Bancshares in a research note on Thursday, March 31st. They issued a “buy” rating for the company.
Civista Bancshares (NASDAQ:CIVB – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.06). Civista Bancshares had a return on equity of 10.87% and a net margin of 29.29%. During the same period in the previous year, the business posted $0.68 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. increased its stake in Civista Bancshares by 144.9% in the third quarter. Citigroup Inc. now owns 1,812 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,072 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Civista Bancshares by 73.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank’s stock worth $43,000 after purchasing an additional 783 shares during the period. Cassady Schiller Wealth Management LLC bought a new stake in shares of Civista Bancshares during the fourth quarter worth $70,000. BNP Paribas Arbitrage SA grew its position in Civista Bancshares by 102.5% in the third quarter. BNP Paribas Arbitrage SA now owns 3,957 shares of the bank’s stock valued at $92,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY grew its position in shares of Civista Bancshares by 71.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,004 shares of the bank’s stock valued at $93,000 after acquiring an additional 1,663 shares during the period. 53.04% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Allen R. Nickles sold 5,000 shares of Civista Bancshares stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $24.09, for a total value of $120,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.05% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 10th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, May 9th. Civista Bancshares’s payout ratio is 22.13%.
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.
- Get a free copy of the StockNews.com research report on Civista Bancshares (CIVB)
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